Mizuho cuts Boston Scientific stock target to USD 55.00
Mizuho Securities has lowered its price target for Boston Scientific from USD 60.00 to USD 55.00 while maintaining an Outperform rating, citing concerns over near-term procedure volume pressure linked to Affordable Care Act and Medicaid changes ahead of the October 28 earnings report. Despite the...
Bullish Signals
- Revenue grew 7.5% YoY to USD 5.44 billion.
- Adjusted EPS surged 15% to USD 0.86.
- Restructuring into three focused operational segments.
- Appointed new COO Joseph M. Fitzgerald.
Bearish Signals
- Mizuho cut price target 8.33% to $55 due to volume pressure.
- ACA/Medicaid changes may hurt H2 2026 procedure volumes.