In a recent report published Tuesday Morning, research analyst Derik de Bruin from Bank of America upgrades Becton, Dickinson and Company BDX to a Neutral rating from underperform. Price target moves up to $117 from $95.
The analyst highlighted in the report, "Although BDX's organic sales growth has slowed from 6-8% (2007-2010), recent strategic actions should help the company deliver steady low-to-mid-single digit organic sales growth, incremental margin expansion, and high-single digit EPS growth over the next few years."
BDX closed previously on Monday $109.45 and is currently trading up at $111.00.
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