Boston Scientific Corporation (BSX) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 22

Boston Scientific Corporation (BSX) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 . RBC Capital Mkts advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Boston Scientific Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .Boston Scientific Corporation was Initiated by Nomura to “Buy” on Mar 17, 2016. Sun Trust Rbsn Humphrey Initiated Boston Scientific Corporation on Feb 25, 2016 to “Buy”, Price Target of the shares are set at $21.

On the company’s financial health, Boston Scientific Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.25. The company had revenue of $1978.00 million for the quarter, compared to analysts expectations of $1995.15 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Boston Scientific Corporation closed down -0.14 points or -0.73% at $19.17 with 70,06,400 shares getting traded on Monday. Post opening the session at $19.27, the shares hit an intraday low of $19.11 and an intraday high of $19.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 5, 2016, Timothy A. Pratt (EVP, GC & Chief Admin Officer) sold 24,000 shares at $18.73 per share price. According to the SEC, on Apr 5, 2016, Jeffrey B. Mirviss (SVP&Pres, Periph Intervent) sold 18,422 shares at $19.00 per share price. On Apr 5, 2016, Michael F Mahoney (President & CEO) sold 100,000 shares at $18.90 per share price, according to the Form-4 filing with the securities and exchange commission.

Boston Scientific Corporation develops manufactures and markets medical devices. The Company offers its products by seven core businesses: Interventional Cardiology which includes Drug-Eluting Coronary Stent Systems Intravascular Imaging devised and Coronary Technology products such as guide wires guide catheters and balloon catheters among others; Peripheral Interventions (PI) which include stents balloon catheters wires peripheral embolization devices and vena cava filters; Cardiac Rhythm Management (CRM) which include implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities; Electrophysiology (EP) which include steerable RF ablation catheters intracardiac ultrasound catheters diagnostic catheters delivery sheaths and other accessories; Endoscopy which includes Spyglass System WallFlex Colonic Stents Resolution Clip and Expect Aspiration Needle among others; Urology and Women’s Health and Neuromodulation.

Boston Scientific Corporation

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