Market Overview

UPDATE: Stifel Nicolaus Initiates C.R. Bard at Hold on Slower Growth

Share:
Related BCR
Earnings Scheduled For April 23, 2015
Simons-Founded Renaissance Technologies Buys Apple, Closes Facebook, Trims McDonald's In Q4

Stifel Nicolaus initiated coverage on C.R. Bard (NYSE: BCR) with a Hold rating.

Stifel Nicolaus noted, "We are initiating coverage of C.R. Bard, Inc. (BCR) with a Hold rating on the shares. The sluggish US and EU procedure environment has turned into a growth headwind for Bard, pushing organic growth rates steadily lower in recent quarters. Still, with the positive potential of the W.L. Gore litigation settlement -- expected in 2013, Bard should see a one-time sharp EPS step-up, gaining meaningful additional flexibility for reinvestment. We think the one-time benefit is amply reflected in the current stock price."

C.R. Bard closed at $95.78 on Monday.

Latest Ratings for BCR

DateFirmActionFromTo
Apr 2015Bank of AmericaUpgradesUnderperformBuy
Apr 2015BarclaysMaintainsEqual-weight
Jan 2015JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for BCR
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (BCR)

Around the Web, We're Loving...

Get Benzinga's Newsletters