Wells Fargo upgrades Becton Dickinson stock rating on execution

Wells Fargo upgraded Becton Dickinson (NYSE:BDX) from Equal Weight to Overweight, raising its price target to $242 from $170, citing improved execution and conservative fiscal year 2027 guidance. The company demonstrated strong sales growth in the fiscal third and fourth quarters, exceeding expectations despite headwinds. Becton Dickinson has also increased its dividend for 55 consecutive years, indicating strong financial stability, and is considered undervalued by InvestingPro analysis despite trading near its 52-week high.