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Brokers upgrade Becton Dickinson (NYSE: BDX) as it receives FDA clearance for Alaris Infusion System

Wed 26 Jul 23, 06:41 AM | Akanksha Vashisht

Raymond James upgrades Becton Dickinson (NYSE: BDX) to ‘outperform’ as BDX price reaches record high

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Summary

Becton Dickinson and Company (NYSE: BDX) received a rating upgrade from Raymond James, after its share price surged 6.9% to US$283.12 on July 24, 2023. During early trade on Monday, Becton Dickinson’s share price reached a record high of US$287.32.

The uptick in share prices came as Becton Dickinson stated that its Alaris Infusion System received a 510(k) clearance from U.S. FDA. The clearance allows BDX to return to its commercial operations in a complete manner. The company had previously pulled out some of its Alaris pumps and had worked with FDA to resolve issues with medicine delivery.

Raymond James upgraded the company to an ‘outperform’ rating following the uptick in its price. The stock has a mean recommendation rating of 2 on a scale of one to five, as per data available on Refinitiv.

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