Stifel analyst Rick Wise lowered the firm’s price target on Becton Dickinson (BDX) to $224 from $280 and keeps a Buy rating on the shares. Q2 performance and FY25 guidance were both “more disappointing and more complicated than anticipated,” the analyst tells investors. Both the Q2 underperformance and now-higher China pressures are factors in the firm’s revised estimates and price target the analyst indicated.
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Read More on BDX:
- Becton Dickinson price target lowered to $217 from $270 at Citi
- Becton Dickinson’s Mixed Performance and Growth Challenges Justify Hold Rating
- Wells downgrades Becton Dickinson to Equal Weight after guidance cut
- Becton Dickinson downgraded to Equal Weight from Overweight at Wells Fargo
- BofA downgrades Becton Dickinson to Neutral on ‘inconsistent execution’
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