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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 07:33 EDT
KeyBanc analyst Matthew Mishan downgraded Becton Dickinson to Sector Weight from Overweight. In a research note to investors, Mishan says that while he appreciates its long-term value proposition, he believes BEcton Dickinson now has less forward visibility to both revenue and adjusted EPS growth. Specifically, he says multiple headwinds have emerged and he is less confident in the engine for sustained 5%-6% growth moving forward and that cost synergies from its acquisitions are mostly captured in current estimates and additional levers for margin expansion are currently less defined.