Raymond James analyst Jayson Bedford raised the firm’s price target on Boston Scientific to $54 from $48 and keeps a Strong Buy rating on the shares. Boston Scientific has rebounded well off a choppy 2H19/2021 and has emerged as one of the more balanced, and consistent growers in the sector, Bedford tells investors in a research note. The analyst sees sources of margin expansion, which should drive ~11% EPS growth in 2023/2024.
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