Loading...
Loading...
Citi Investment Research is out with a research report on Becton, Dickinson and Co.
BDX and is downgrading shares to Hold and is lowering its price target to $79.
In a note to clients, Citi Investment Research writes, "Reducing our target to $79 on a lower P/E of 13x (previous 14x) on unchanged C12 EPS of $6.10. While the stock is viewed as "defensive," we can't justify a premium multiple to the group as we believe that macro pressure in the global healthcare environment could lead to BDX lowering its LT growth outlook to +4-5% (from +6%) on its upcoming earnings call."
Shares of BDX gained 58 cents yesterday to close at $72.92.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in