UPDATE: Raymond James Upgrades Becton, Dickinson & Company from Underperform to Market Perform

In a research note published Wednesday, Raymond James upgraded Becton, Dickinson and Company

from Underperform to Market Perform. The firm's Lawrence Keusch noted Becton, Dickinson and Company's business has stabilized and this is reflected in the solid Q1 results. Keusch also believes that shares of BDX will perform inline with the market citing a valuation reflecting improved fundamentals and numerous defensive qualities in its business profile, which are likely to be favored in the current equity market. BDX's shares are currently up 0.77 percent trading around $106.71.