JPMorgan analyst Robbie Marcus upgraded Becton Dickinson to Overweight and raised his price target for the shares to $275 from $250. The analyst sees a "clear path" for Becton to exceed expectations for the second half of 2018 and fiscal 2019 now that the Bard acquisition is two quarters in. With sustainable 5% organic sales growth, a minimum of low-double-digit earnings growth "arguably a given for the foreseeable future," and sustainable 90% free cash flow conversion, Becton deserves a premium multiple even after factoring in its leverage, Marcus tells investors in a research note.