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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 11:38 EDT
Piper Sandler analyst William Quirk maintained an Overweight rating on Becton Dickinson and raised his price target on the shares to $286 from $279 following the company's Q1 earnings report. Quirk said that revenue and earnings for the quarter were above Wall Street's expectations, but also noted that software updates to the Alaris pump triggered a new 510K, which leads to lower 2020 guidance. The analyst said that this is "not exactly" the way new CEO Tom Polen wanted to start his tenure, but he believes that Polen's leadership will see the company through this "tough patch."
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