Morgan Stanley Sees Execution Priced In For Becton, Dickinson and Co.
In a report published Tuesday, Morgan Stanley analyst David R. Lewis reiterated an Equal-Weight rating on Becton, Dickinson and Co. (NYSE: BDX).
In the report, Morgan Stanley noted, “Recent meetings stressed confidence in ~5% sales growth and greater leverage in FY15. BD continues to express interest in larger deals, though <$1B is more likely in our view. Inversions are possible but limited targets suggest less probable. At 17x CY15 EPS, execution is priced in; remain EW.”
Becton, Dickinson and Co. closed on Monday at $118.30.
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