SunTrust Robinson Humphrey just initiated coverage of this medical device company with a “Buy” rating. The company beat earnings estimates by a penny and seven analysts have increased their forecasts in the past 30 days.
Boston Scientific (BSX)
From Sound Advice
The healthcare sector is defensive because medical needs persist regardless of financial conditions. The world’s inexorable demographic aging trends and the commensurate increase in medical care needs translate into strong growth prospects for this industry.
Boston Scientific (BSX) produces medical products that are well suited for an aging population. The company’s mission is to transform lives through innovative medical solutions that improve the health of patients around the world.
BSX has been a global medical technology leader for three decades by providing a range of high performance solutions aimed at addressing medical needs and reducing healthcare costs. BSX has more than 900 US patents.
Gray Cardiff, Sound Advice, www.soundadvice-newsletter.com, 800-825-7007, March 2016