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Fly News Breaks for November 13, 2019
BDX
Nov 13, 2019 | 07:14 EDT
KeyBanc analyst Matthew Mishan lowered his price target for Becton Dickinson to $256 from $262 but maintained an Overweight rating, telling investors in a research note that he remains confident in the broader value proposition, which he believes will eventually overcome near-term headwinds. Mishan says the company continues to meet its 5%-6% organic growth target, but he understands why it's trending toward the low end in FY20, adding that while initial EPS guidance missed expectations, the headwinds are transparent and it's still driving better year-over-year margin expansion.
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