TD Cowen has increased its price target for Becton, Dickinson and Company (NYSE:BDX) to $189 from $183, while reiterating a “hold” rating. This adjustment follows Becton, Dickinson beating its Q1 earnings and revenue estimates, reporting $2.91 EPS against an expected $2.81, and revenues of $5.25 billion. The company also announced a modest share buyback of $10 million and tender offers to repurchase up to $1.6 billion in debt, reflecting active capital management.
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TD Cowen Raises Becton, Dickinson and Company (NYSE:BDX) Price Target to $189.00
TD Cowen has increased its price target for Becton, Dickinson and Company (NYSE:BDX) to $189 from $183, while reiterating a “hold” rating. This adjustment follows Becton, Dickinson beating its Q1 earnings and revenue estimates, reporting $2.91 EPS against an expected $2.81, and revenues of $5.25 billion. The company also announced a modest share buyback of $10 million and tender offers to repurchase up to $1.6 billion in debt, reflecting active capital management.