Citi lowered the firm’s price target on Becton Dickinson (BDX) to $217 from $270 and keeps a Buy rating on the shares after a “difficult quarter” with “several moving parts.” Management lowered FY25 organic revenue growth to 3.0%-3.5% and EPS to $14.06-$14.34 from $14.30-$14.60, inclusive of a 25c tariff headwind, Citi noted. While the firm appreciates the difficulties in forecasting dynamics, it questions “if downside risk is fully captured,” but “given the stock move it does appear washed out,” the analyst added.
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