Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Medical supplier Becton Dickinson and Co (NYSE:BDX) is likely to outperform its own expectations, as well as the Street's, according to Citi.
The Analyst
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analyst Amit Hazan upgraded Becton Dickinson from Neutral to Buy and increased the price target from $237 to $251, suggesting 16-percent upside.
The Thesis
A strong setup for upside to the 2018 guidance and Street estimates appears to be in place, starting with the fiscal second quarter, mainly due to the Becton Dickinson side of the business, Hazan said in a Tuesday note. (See the analyst's track record here.)
The company recently completed its acquisition of C.R. Bard; the combined company has annualized revenues of $16 billion.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Bard's growth is a key uncertainty, Hazan said.
Citi's new drug-coated balloon, or CDB, survey indicated that market growth coupled with new indications can help maintain DCBs as at least one important Bard growth driver.
The Price Action
Becton Dickinson shares have gained over 18 percent over the past year through Monday.
At last check Tuesday, the shares were rallying 2.73 percent to $223.33.
Related Links:
Jim Cramer Shares His Thoughts On Hain Celestial, Becton Dickinson And Carnival Corp.
The Week Ahead In Biotech: PDUFA Dates, IPOs And More
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.