Jefferies Maintains a 'Hold' on Boston Scientific (BSX); Remaining Cloudy Until 2013...Or Later
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Price: $9.23 --0%
Rating Summary:
8 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Rating Summary:
8 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 6
Trade BSX Now!
Jefferies maintains a 'Hold' on Boston Scientific (NYSE: BSX) price target cut from $6.50 to $6.00.
Jefferies analyst says, "4Q sales were again below expectations with cc growth down 8% (dn 5% ex-Neurovasc). The CRM and DES markets remain albatrosses around Boston’s neck and visibility on stabilization in these key segments is not great. Better growth isn’t expected until ’13 at the earliest. Likewise, cost savings remains a key focus but tangible leverage isn’t likely until next year."
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 $5.84 yesterday, with a 52 week range of $5.01-$7.96.
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Jefferies analyst says, "4Q sales were again below expectations with cc growth down 8% (dn 5% ex-Neurovasc). The CRM and DES markets remain albatrosses around Boston’s neck and visibility on stabilization in these key segments is not great. Better growth isn’t expected until ’13 at the earliest. Likewise, cost savings remains a key focus but tangible leverage isn’t likely until next year."
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 $5.84 yesterday, with a 52 week range of $5.01-$7.96.
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