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UPDATE: Credit Suisse Upgrades Boston Scientific to Outperform on Improving Top-Line

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Credit Suisse upgraded Boston Scientific (NYSE: BSX) from Neutral to Outperform and raised the price target from $6.00 to $7.50.

Credit Suisse noted, ": We're upgrading BSX to Outperform from Neutral given increased visibility into meaningful top-line improvement. We forecast 4% WW CC growth for BSX in 2014 (4% CAGR 2013-17), a significant uptick relative to low-to-mid single digit declines 2010-13. We see the acceleration driven by key pipeline areas with Asthmatx, S-ICD, left atrial appendage closure, TAVI, renal denervation & DBS growing at a combined 57% CAGR 2013-17 to ~13% of BSX' 2017 sales (up from <1% currently)."

Boston Scientific closed at $6.32 on Monday.

Latest Ratings for BSX

DateFirmActionFromTo
Jul 2014Sterne AgeeInitiates Coverage onNeutral
Jul 2014BarclaysMaintainsOverweight
Jul 2014JP MorganMaintainsNeutral

View More Analyst Ratings for BSX
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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