tiprankstipranks
Becton Dickinson upgraded to Neutral from Sell at Citi
The Fly

Becton Dickinson upgraded to Neutral from Sell at Citi

Citi analyst Joanne Wuensch upgraded Becton Dickinson to Neutral from Sell with a price target of $250, up from $220. Looking into 2023, "many headwinds remain" for the North America medical supplies and technology group, but these should ease in the second half of next year, alleviating operating margin pressures, Wuensch tells investors in a research note. Thus, the analyst is looking for the stocks "that will swim past the pandemic." She does not anticipate it will be an "easy year" to invest in medical technology, but says it "be one of recovery driven by more level-set expectations and product cycles." WWuensch upgraded Glaukos (GKOS) to Buy from Neutral on the stock pull back and ahead of new products, upgraded Becton Dickinson (BDX) to Neutral from Sell on a more reasonable relative valuation, and downgraded Baxter (BAX) to Neutral from Buy, saying "execution is key." She are also upgrading Pulmonx (LUNG) to Buy from Neutral, and opened a "Positive Catalyst Watch" on Silk Road Medic (SILK), saying upside to Q4 and 2023 guidance can continue the stock’s momentum.

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on BDX:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles