Citi keeps a Neutral rating and $260 price target on Becton Dickinson while noting that the firm is opening a 90-day Positive Catalyst Watch on the stock. The significant headwinds, including FX and “outsized” inflation, that impacted Q1 margins should begin to abate, while the management starts to deliver with scaling ramp of Alaris into the end of FY24, the analyst tells investors in a research note.
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