In a report released yesterday, Travis Steed from Bank of America Securities reiterated a Hold rating on Becton Dickinson, with a price target of $190.00.
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Travis Steed’s rating is based on a combination of factors that suggest a cautious outlook for Becton Dickinson. The company’s guidance for fiscal year 2026 indicates low single-digit revenue growth, which reflects a conservative approach to potential headwinds. This cautious guidance aims to set the stage for better execution in the future, with the hope that negative surprises are minimized and estimates may improve over time.
Another factor influencing the Hold rating is the unusual situation with the Alaris product line. The accelerated refresh cycle over the past three years means there will be fewer systems to refresh in fiscal year 2027, creating a headwind for growth. Additionally, the first quarter is expected to see a 1.5% decline in revenue, driven by various headwinds including challenges in China, vaccine-related impacts, and distributor timing issues. These factors contribute to the neutral stance as the company navigates these challenges.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $190.00 price target.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.