Wells Fargo lowered the firm’s price target on Becton Dickinson (BDX) to $270 from $275 and keeps an Overweight rating on the shares. The firm says Q1 outperformance de-risks second half of the year outlook, while unchanged FY25 guide leaves room for potential upside. Management emphasizes maximizing shareholder value in evaluating separation structure, Wells adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BDX:
- Becton Dickinson Reports Strong Q1 Financial Results
- Qualcomm, Eli Lilly report quarterly earnings beats: Morning Buzz
- Becton Dickinson price target raised to $269 from $265 at BofA
- Morning Movers: Roblox sinks following fourth quarter results and guidance
- Becton Dickinson to Split from Bioscience and Diagnostic Solutions Arms