Sideways stock movement likely over for Becton Dickinson

Filed under: Stocks to Buy

Medical equipment giant Becton Dickinson's (NYSE: BDX) stock has meandered since recommended on March 17, 2009 at a price of $65.66, with volatility, most likely due to U.S. federal health care reform legislation uncertainty, but look for better quarters ahead, when the dust settles, which is why I'm reiterating my Buy rating for the company's shares.

In FY2010, Becton's revenue growth should total about 5-7%, after essentially flat revenue in FY2009. Hospital spending cutbacks will hurt, but BDX will make up for the aforementioned with increased government orders, lower operating costs, and moderating raw material costs.

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Sideways stock movement likely over for Becton Dickinson originally appeared on BloggingStocks on Thu, 22 Oct 2009 16:30:00 EST. Please see our terms for use of feeds.

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