UPDATE: Morgan Keegan Lowers Price Target on Becton Dickinson to $75

According to Morgan Keegan, Becton Dickinson & Co

price target is lowered to $1.10. Morgan Keegan said that although fiscal 4Q results were largely in-line with expectations, disappointing 2012 guidance could suggest that BD shares lose the premium valuation that has been enjoyed for the past several years as EPS growth is likely below its peers. “Fiscal 2012 results could be at the high-end of the $5.75-$5.85 guidance unless the macro environment deteriorates further.” Becton Dickinson & Co closed yesterday at $72.60.