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Fly News Breaks for October 2, 2018
BSX
Oct 2, 2018 | 08:39 EDT
Morgan Stanley analyst David Lewis raised his price target on Boston Scientific shares to $48 from $38 as he believes the company's recent deal activity reflects an accelerating M&A climate, maturing venture portfolio and upcoming access to $2B in annual free cash flow and does not suggest a weakening of its core business. His deal by deal analysis suggests management's assumptions for the contributions from M&A appear conservative, added Lewis, who keeps an Overweight rating on Boston Scientific.
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