Morgan Stanley Provides Color on Becton Dickinson, Equal-Weight

Morgan Stanley provided color on Becton Dickinson (NYSE: BDX) after a meeting with the company's management. In a research report published today, Morgan Stanley stressed a mixed picture of strong sales growth in the developing countries and sluggish sales in the developed countries.

In the report, Morgan Stanley states, "Emerging markets are key to revenue growth, but lackluster developed market growth may improve. Emerging markets represent over 20% of total sales and are growing in the low teens, driving about half of all corporate growth. This implies developed market growth of only 2.5-3.5%. EU safety legislation should drive growth favorable mix, but BD may not see the impact until the end of the of the 3 year implementation period in late FY12 and early FY13."

At the moment, Morgan Stanley has an Equal-weight rating on the company's stock. On Monday, Becton closed the day at $87.04.