BD is one of the best defensive names in medtech, particularly at a time when the economy is at risk of a recession, according to Wells Fargo.
Becton, Dickinson and Company, also known as BD, is one of the best defensive names in medtech, particularly at a time when the economy is at risk of a recession, according to Wells Fargo. The firm upgraded the stock on Friday to overweight from equal weight, saying it's better positioned than some of its industry peers to navigate upcoming macro challenges.
" Biegelsen noted that the company has been more proactive than competitors about using price to offset inflation pressure and investing in its supply chain. He also pointed out the company's pathway to expanding operating margins "appears clear." Financial targets from its December 2021 analyst day have remained intact or have improved, he said. "On the top line, our sense is that management is more confident in exceeding the 5.
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