Wells Fargo analyst Lawrence Biegelsen lowered his price target for Becton Dickinson to $279 from $285 after the company reported Q1 results that were slightly ahead of expectation but lowered its FY20 revenue and EPS guidance due to an unexpected delay in its Alaris pump remediation effort. Biegelsen tells investors in a research note that he expects the pump issue to remain an overhang given the uncertainty around timing of return to market, but that if it can get the Alaris pump back on the market in a reasonable timeframe, it can likely recoup 70% of the FY20 pump revenue loss in FY21/FY22. The analyst made no change to his Overweight rating.