Canaccord analyst Jason Mills said he would remain a buyer of Boston Scientific following the company's announcement that it will buy NxThera, which which has developed treatments for endo-urological conditions like benign prostatic hyperplasia, or BPH. In a research note to investors, Mills said Boston Scientific raises the long-term growth potential of its Urology and Pelvic Health portfolio, ultimately being in position to sell both surgical and MIS BPH therapeutic modalities.Mills, who has a Buy rating and $35 price target on Boston Scientific shares, expects the company to become "increasingly" active in M&A, noting that he likes the company's strategic vision and potential, and is "bullish" about the growth prospects of its core franchises.

RBC Capital raised the firm's price target on Boston Scientific to $82 from $78 and keeps an Outperform rating on the shares. Given the company's Q1 momentum on seales and earnings, along with its new product ramp, the management's updated FY24 guidance is likely "conservative" despite easier comps, the analyst tells investors in a research note. RBC adds that the stock is its top pick in the Sector based on its "industry-leading growth profile".

Evercore ISI analyst Vijay Kumar raised the firm's price target on Boston Scientific to $78 from $72 and keeps an Outperform rating on the shares as the firm said the company reported "solid results and there wasn't much to pick on." While EP franchise acceleration driven by Farapulse PFA launch "is generally well known" by the Street, the firm says it doesn't think "anyone expected ~86% US growth and ~72% International growth."

Baird analyst David Rescott raised the firm's price target on Boston Scientific to $84 from $79 and keeps an Outperform rating on the shares. The firm noted its 1Q24 revenue/adjusted EPS beat was the biggest over the past several years and one of the most compelling in diversified LGCP MedTech.

Stifel raised the firm's price target on Boston Scientific to $83 from $70 and keeps a Buy rating on the shares. The firm said the company delivered "solid" Q1 outperformance, underpinned by "important" new product launches. Looking ahead to 2024 and beyond, Stifel believes Boston Scientific could continue outperforming their Loan Repayment Program and the firm's projections.

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