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Evercore lowers Boston Scientific target, adds to ‘Tactical Outperform’ list

Evercore ISI lowered the firm’s price target on Boston Scientific (BSX) to $110 from $115 and keeps an Outperform rating on the shares, which the analyst added to the firm’s “Tactical Outperform” list. Fears over EP market share shifts and a sector rotation into life science tools have hurt the stock, though a “bullish” analyst day should allay fears, the analyst tells investors.

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