Becton Dickinson & Co
BDX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$121.00 | Lzpzq | Rnfccdwq |
Becton, Dickinson Delivers on the Margin Line; 2023 Outlook In Line With Long-Term Targets
We are maintaining our $306 fair value estimate for narrow-moat Becton, Dickinson as we update our model following fiscal fourth-quarter results and the 2023 guidance. BD's fourth-quarter performance was largely as expected, with 8.6% currency-neutral growth in its base business (excludes COVID-19 testing revenue) and gradually improving margins.