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Wells Fargo upgrades Becton Dickinson to Overweight after strong Q4 results despite cautious 2027 outlook

Analyst Insights
06 Nov 2026, 14:03 WIB
Alex Lavoie
View Source
Neutral
Wells Fargo upgrades Becton Dickinson to Overweight after strong Q4 results despite cautious 2027 outlook

Wells Fargo upgraded Becton, Dickinson and Company (BDX) to an Overweight rating following the company's fiscal Q4 results that beat expectations, with revenue up 5.4% to $5.27 billion and adjusted earnings rising 27.3% to $4.15 per share. Despite this strong performance, shares fell 6.4% in pre-market trading due to concerns over the company's fiscal 2027 guidance, which forecasts low-single-digit revenue growth and adjusted earnings between $13.10 and $13.30 per share. For the full fiscal year, BDX reported $19.5 billion in revenue and $12.70 in adjusted earnings per share, with significant increases in cash flow. The upgrade signals Wells Fargo's confidence in BDX's potential to outperform the market despite cautious future guidance.

Becton Dickinson and Co (BDX) has a market cap of $58.17 billion and a dividend yield of 1.97% on Pluang as of Nov 06, 2026 19:32 WIB. The stock shows a 1-day decline of 0.73% with a trading volume of 3,986,602 shares. Despite Wells Fargo's upgrade to Overweight, Pluang users are predominantly selling, with 88% of order activity on the platform being sell orders at this time.

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