UPDATE: Goldman Sachs Raises PT to $6.60 on Boston Scientific Following Q4 Takeaways
Goldman Sachs maintained Boston Scientific Corporation (NYSE: BSX) with a Sell rating and raised the price target from $5.20 to $6.60.
Goldman Sachs noted, "Following 4Q12 results, we adjust our 2013-2016E EPS to reflect: (1) increased sales across most businesses, aside from CRM; (2) revised gross margin assumptions; (3) higher operating expenses; (4) higher interest expense; and (5) increased share repurchases. Still, our revised 2013 sales estimate is now at the low end of guidance (-1.6% vs. the guidance midpoint at -0.7%), as we remain cautious on Boston's business exposure and relative share position."
Boston Scientific closed at $7.10 on Tuesday.
Latest Ratings for BSX
|Jun 2016||Guggenheim Securities||Initiates Coverage on||Buy|
|May 2016||BTIG Research||Downgrades||Buy||Neutral|
|Mar 2016||Nomura||Initiates Coverage on||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.