Morgan Stanley Maintains Overweight Rating for Boston Scientific: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Boston Scientific BSX and raise its price target from $56.00 to $58.00.

Shares of Boston Scientific are trading up 1.07% over the last 24 hours, at $51.65 per share.

A move to $58.00 would account for a 12.31% increase from the current share price.

About Boston Scientific

Boston Scientific produces less invasive medical devices that are inserted into the human body through small openings or cuts. It manufactures products for use in angioplasty, blood clot filtration, cardiac rhythm management, catheter-directed ultrasound imaging, upper gastrointestinal tract diagnostics, interventional oncology, neuromodulation for chronic pain, and treatment of incontinence. The firm markets its devices to healthcare professionals and institutions globally. Foreign sales account for nearly half of the firm's total sales.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.