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Piper Sandler Trims Becton Dickinson (BDX) PT on Model Revisions
Piper Sandler has lowered its price target for Becton, Dickinson and Company (BDX) to $159 from $170 while maintaining a Neutral rating, citing revisions to its Q2 revenue growth assumptions and P&L financials. This follows a similar action by RBC Capital Markets, which also reduced its price target to $175 from $195. Both firms noted solid fundamentals but anticipated BDX’s stock to remain range-bound due to a lack of immediate catalysts and ongoing Alaris headwinds.