Piper Jaffray analyst William Quirk said Becton Dickinson reported "fine" Q4 results, with revenue growth above expectations and adjusted EPS that "just beat" expectations. He also said he views the company's initial FY20 guidance, which trails the consensus view at the midpoint, as conservative given current foreign exchange rates and considering that a CEO transition "often comes with lowered initial expectations." Quirk, who sees Becton Dickinson being set up for a continued beat-and-raise cycle, keeps an Overweight rating on the shares and raised his price target to $279 from $266.