Wedbush Raises Price Target on Boston Scientific (BSX) to $25 Following 2Q

Wedbush reiterated a Neutral rating on Boston Scientific (NYSE: BSX), and raised the price target to $25.00 (from $23.00), following the company's 2Q earnings report. Total sales were $2.126 billion, and $80 million ahead of consensus, while adjusted EPS of $0.27 was in line.

Analyst Tao Levy commented, "BSX delivered a robust quarter driven by an expanded product portfolio and a focus on higher growth segments that was initiated a few years ago; while we have a generally positive view of BSX’s franchises and management’s ability to execute, we believe much of this improved outlook is already priced in BSX’s share price, which are up 32% year-todate. As a result, we remain on the sidelines as the risk/reward appears fairly balanced in our opinion."

For an analyst ratings summary and ratings history on Boston Scientific click here. For more ratings news on Boston Scientific click here.

Shares of Boston Scientific closed at $24.34 yesterday.

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