Becton Dickinson & Co

BDX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$339.00	Dkvnfl	Lysnsbpcx

Becton, Dickinson First Quarter as Expected; Maintaining Valuation

Alex Morozov

Feb 2, 2023

We are maintaining our $306 fair value estimate for narrow-moat Becton, Dickinson following its first-quarter results. BD's performance was largely as expected, with base revenue currency-neutral growth of 5%.

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