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Jefferies Remains a Buy on Boston Scientific (BSX)

Tipranks - Tipranks - Tue Mar 24, 8:54AM CDT

Jefferies analyst Matthew Taylor maintained a Buy rating on Boston Scientific today and set a price target of $120.00.

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Taylor covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Lantheus, and GE Healthcare Technologies Inc. According to TipRanks, Taylor has an average return of 6.9% and a 54.18% success rate on recommended stocks.

In addition to Jefferies, Boston Scientific also received a Buy from Needham’s Michael Matson in a report issued on March 20. However, on March 17, TipRanks – OpenAI downgraded Boston Scientific (NYSE: BSX) to a Hold.

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Based on Boston Scientific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.29 billion and a net profit of $668 million. In comparison, last year the company earned a revenue of $4.56 billion and had a net profit of $566 million

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