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BSX

Boston Scientific

$36.26

-1.55 (-4.10%)

14:43
04/16/19
04/16
14:43
04/16/19
14:43

Boston Scientific mesh sales impacted by FDA recall about $25M, says Wells Fargo

Wells Fargo analyst Larry Biegelsen says that Boston Scientific has informed him that total mesh sales are about $100M and that the products impacted by the FDA recall represent a subset of those sales or about $25M or 0.3% of total sales. The firm had previously stated that the mesh sales impacted by the FDA recall were about $100M in 2018. Biegelsen notes that the lower figure should be "more manageable" for the company. According to the analyst, Boston Scientific is surprised and disappointed by the FDA's decision, which impacts Uphold LITE Vaginal Support System and the Xenform Soft Tissue Repair Matrix for pelvic organ prolapse.

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BSX Boston Scientific
$36.26

-1.55 (-4.10%)

03/27/19
UBSW
03/27/19
NO CHANGE
Target $46
UBSW
Buy
Boston Scientific underperformance due to paclitaxel concerns overdone, says UBS
UBS analyst Matthew Taylor kept his Buy rating and $46 price target on Boston Scientific after meeting with its management, saying the tone of the discussions was "bullish". The analyst is positive on the company's "balanced portfolio with category leadership in most of its businesses", and also believes that its recent underperformance attributed to paclitaxel concerns are overdone. Taylor further notes that Boston Scientific stock offers "compelling value and a good entry point given a myriad of catalysts to offset near-term headwinds."
04/11/19
PIPR
04/11/19
NO CHANGE
PIPR
Piper sees Nuvectra, Boston Scientific as winners in spinal cord stimulation
After surveying 37 clinicians on the present and future treatment of low back pain, Piper Jaffray analyst Matt O'Brien believes the spinal cord stimulation market is poised to continue "growing quickly." While the survey indicated Nevro (NVRO) and Nuvectra (NVTR) would pick up market share this year, O'Brien believes Boston Scientific (BSX) and Nuvectra will be the "primary share-gainers."
04/16/19
PIPR
04/16/19
NO CHANGE
Target $42
PIPR
Overweight
Boston Scientific selloff today a buying opportunity, says Piper Jaffray
04/16/19
PIPR
04/16/19
NO CHANGE
Target $42
PIPR
Overweight
Boston Scientific should be bought on surgical mesh selloff, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien recommends using the selloff today in shares of Boston Scientific after the FDA ordered all manufacturers of surgical mesh intended for transvaginal repair to stop selling and distributing their products immediately as a buying opportunity. Mesh products have been declining for several years at Boston Scientific and represented only ~1% of revenue in 2018, O'Brien tells investors in an intraday research note. The analyst estimates the company's revenue will be negatively impacted by less than $50M in 2019. Further, Boston Scientific is currently working with the FDA on a resolution, adds the analyst. Boston Scientific still has a "plethora of high-growth product launches fully intact" including Lotus, Acurate neo, and Watchman in Japan, "which should help cushion any lost revenue," says O'Brien. He has an Overweight rating on the shares with a $42 price target. The stock in afternoon trading is down 4% to $36.34.

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LG Display

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Viacom

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RPC, Inc.

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iRobot

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TDOC

Teladoc

$54.67

0.32 (0.59%)

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Humana

$249.01

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Teladoc, Humana analyst commentary at Baird »

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Teladoc

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Humana

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MPC

Marathon Petroleum

$60.06

-0.94 (-1.54%)

12:05
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Options
Marathon Petroleum call volume above normal and directionally bullish »

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UMC

UMC

$1.94

0.015 (0.78%)

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UMC rating change  »

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LRN

K12

$31.56

-4.665 (-12.88%)

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SPN

Superior Energy

$4.28

-0.685 (-13.80%)

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RES

RPC, Inc.

$11.04

-1.86 (-14.42%)

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RPC, Inc. falls -14.2% »

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SAP

SAP

$128.22

13.38 (11.65%)

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APC

Anadarko

$71.92

7.8 (12.16%)

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Anadarko rises 12.4% »

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TRK

Speedway Motorsports

$18.50

4.52 (32.33%)

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HMST

HomeStreet

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PYPL

PayPal

$107.92

1.01 (0.94%)

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Facebook

$183.84

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PayPal

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Facebook

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EBAY

eBay

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JPMorgan

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AMRN

Amarin

$18.32

-0.07 (-0.38%)

11:45
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Options
Amarin call volume above normal and directionally bullish »

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General news
Treasury's $20 B FRN auction was awarded at a high discount margin of 0.139% »

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LRN

K12

$31.11

-5.115 (-14.12%)

11:40
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K12 analyst commentary at Barrington »

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TSLA

Tesla

$262.87

-0.98 (-0.37%)

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Samsung

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Tesla

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CAT

Caterpillar

$138.82

-3.26 (-2.29%)

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Breaking Hot Stocks news story on Caterpillar »

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GWW

Grainger

$292.75

-0.46 (-0.16%)

11:37
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Grainger authorizes repurchase of additional 5M shares »

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BKU

BankUnited

$35.97

0.24 (0.67%)

11:36
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GWW

Grainger

$292.73

-0.48 (-0.16%)

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Grainger raises dividend by 6% to $1.44 per share »

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BBY

Best Buy

$75.08

1.48 (2.01%)

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Procter & Gamble

$104.47

1.28 (1.24%)

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BBY

Best Buy

$75.08

1.48 (2.01%)

PG

Procter & Gamble

$104.47

1.28 (1.24%)

SNAP

Snap

$11.20

-0.79 (-6.59%)

KHC

Kraft Heinz

$32.73

-0.365 (-1.10%)

AAPL

Apple

$208.23

0.73 (0.35%)

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