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

Credit Suisse upgraded Boston Scientific

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.