JPMorgan Downgrades Becton Dickinson On Muffled FY22 Outlook


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  • JPMorgan downgraded Becton Dickinson and Co (NYSE:BDX) to Neutral from Overweight with a price target of $265, down from $280. 
  • While Becton reported better than expected top and bottom-line Q3 results, analyst Robert Marcus tells investors that this was overshadowed by the company's "muted" Q4 and FY22 outlook. 
  • Though he had been expecting a weak FY22 outlook, the floor for FY22 EPS of $12.00 is "well below" the Street's forecast heading into the report, and he is "struggling to fully understand why margins are taking so long to return to pre-COVID-19 levels," Marcus said.
  • Price Action: BDX shares closed down 0.85% at $241.04 on Friday.

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.


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Posted In: Analyst ColorEarningsNewsDowngradesHealth CarePrice TargetAnalyst RatingsGeneralBriefs