Becton Dickinson's stock surged 5.03% during intraday trading on Wednesday, reflecting strong investor confidence in the medical technology company.
The price movement appears to be driven by a series of positive analyst actions. Barclays reinstated coverage of Becton Dickinson with an Overweight rating and set a price target of $202 per share. Jefferies maintained its Buy rating on the stock with a $190 price target, while Citigroup also maintained its Buy rating despite adjusting its price target downward from $232 to $198.
These analyst actions collectively signal continued confidence in Becton Dickinson's prospects, with multiple firms reiterating positive ratings that likely contributed to the stock's significant intraday gain.
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