Fly News Breaks for February 5, 2020
Feb 5, 2020 | 13:32 EDT
Piper Sandler analyst Matt O'Brien notes that Boston Scientific reported full Q4 results, with sales in-line with expectations, while EPS beat by a couple pennies. Management issued 2020 guidance that was in-line on the top-line but a little light on the bottom line, though he believes it is "following its usual conservative script here." The analyst also believes the new product flow will contribute meaningfully to top-line growth, which is "simply hard to bet against in med tech." O'Brien remains constructive on the name and reiterates an Overweight rating and $50 price target on the shares.
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