As previously reported, Wells Fargo downgraded Becton Dickinson (BDX) to Equal Weight from Overweight with a price target of $172, down from $270, after “another guidance reduction.” While the valuation “seems attractive” and the second half outlook is “encouraging,” the firm lacks conviction in the growth acceleration and wants to see more consistent execution to gain more confidence in the outlook, the analyst tells investors.
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Read More on BDX:
- Becton Dickinson downgraded to Equal Weight from Overweight at Wells Fargo
- BofA downgrades Becton Dickinson to Neutral on ‘inconsistent execution’
- Becton Dickinson downgraded to Neutral from Buy at BofA
- William Blair downgrades Becton Dickinson on ‘disappointing’ Q2 update
- Becton Dickinson downgraded to Market Perform from Outperform at William Blair
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