Becton Dickinson (BDX) PT Raised to $306 at Cowen as Headwind Fears Appear Overblown

Cowen analyst Joshua Jennings raised the price target on Becton Dickinson (NYSE: BDX) to $306.00 (from $255.00) ahead of F1Q results on 2/6 in what is shaping up to be a transition quarter.

The analyst reiterated the Outperform rating, stating "we have previewed the setup for each BDX segment. We believe expectations for a sequential top-line deceleration is appropriate. However, softer F1Q headwinds incorporated into mgmt's +1%-2% growth guidance combined with a strong influenza season suggest the top end of the revenue growth and EPS guidance ranges are achievable".

You May Also Be Interested In

• argenx SE (ARGX) PT Raised to $1,353 at TD Cowen
• Central Retail Corp PCL (CRC:TB) PT Lowered to THB9,000 at Macquarie
• E Ink Holdings Inc (8069:TT) PT Lowered to NT$200 at Macquarie