Becton Dickinson & Co
BDX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| nhM | LOCK|!>Z> | LOCK|#Q$ |
BD's Plan to Spin Out Life Sciences Business Is Ill-Timed
Business Strategy and Outlook
After a tumultuous few years, Becton Dickinson is in the midst of a course correction. Alaris has returned to the market and recaptured most of its lost share, the pipeline has produced a number of successful products, the pharmaceutical business is capitalizing on attractive industry tailwinds, and the recently acquired Edwards patient monitoring business fits well with the core offering. The pending spinoff of the life sciences segment marks the next big step—a strategically reasonable yet ill-timed decision.
