CL King Reiterates Buy Rating on Boston Scientific (BSX)
CL King analyst Kristen Stewart reiterated a Buy rating and $90.00 price target on Boston Scientific (NYSE: BSX)
The analyst comments "Boston Scientific (BSX) reported 3Q24 results that came in well above consensus expectations. We expect the stock to react favorably to the results. BSX will host a conference call today at 8:00am ET to discuss the results and outlook. We maintain our Buy rating. We believe the stock should react favorably to the Q3 results. Our $90 price target is based on a P/E multiple of 33x our current FY25 EPS estimate of $2.71."
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Shares of Boston Scientific closed at $87.45 yesterday.