Becton Dickinson upgraded to Buy at BofA on double digit EPS growth

As previously reported, BofA analyst Travis Steed upgraded Becton Dickinson to Buy from Neutral with a price target of $290, up from $250. In an environment where "quality will continue to matter," Becton Dickinson has been executing and he sees the company having a path for multi-year double digit EPS growth, Steed tells investors. In addition, he feels better about litigation risk, the analyst noted.