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Piper Sandler Trims Becton Dickinson (BDX) PT on Model Revisions
Piper Sandler lowered its price target for Becton, Dickinson and Company (BDX) to $159 from $170, maintaining a Neutral rating due to Q2 revenue growth assumption adjustments and updated P&L financials. This follows a similar price target reduction by RBC Capital Markets to $175 from $195, which cited solid fundamentals but expected the stock to remain range-bound absent a clear catalyst, with Alaris acting as a headwind. The article also suggests that while BDX has investment potential, certain AI stocks might offer greater upside and less downside risk.