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Stock Market & Financial Investment News

News Breaks
November 26, 2012
10:23 EDTSTJ, BSX, MDTBoston Scientific rises after Citi sees Durata coming off market
Boston Scientific (BSX) is climbing after Citigroup analyst Matthew Dodds upgraded the stock to Buy from Neutral in a note to investors earlier today. Durata cables made by St. Jude (STJ), a Boston Scientific competitor, will likely be taken off the market within six months, Dodds believes. Earlier this year a study found that Durata cables can fray when they rub against another object. Boston Scientific will benefit significantly from the withdrawal of St. Jude's cables, which are used to connect defibrillators to the heart, Dodds wrote. If Durata cables are removed from the market, Boston Scientific would obtain 41% of the $338M in revenue that St. Jude would lose, the analyst predicted. Medtronic (MDT) will garner 29% of St. Jude's lost sales, adds Dodds. The analyst increased his price target on Boston Scientific to $7.30 from $5.30. In mid-morning trading, Boston Scientific climbed 19c, or 3.40%, to $5.78, while St. Jude fell 35c, or 1.09%, to $31.68.
News For BSX;STJ;MDT From The Last 14 Days
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January 28, 2015
10:29 EDTBSXOptions with decreasing implied volatility
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08:45 EDTSTJSt. Jude Medical sees FY15 Atrial Fibrillation product sales up 11%-13%
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07:18 EDTSTJSt. Jude Medical sees Q1 adjusted EPS 90c-92c, consensus 97c
Sees Q1 revenue up 2%-4% on a constant currency basis with currency negatively impacting first quarter revenue by approximately $85M-$100M, consensus $1.37B.
07:18 EDTSTJSt. Jude Medical sees FY15 adjusted EPS $3.95-$4.00, consensus $4.13
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07:16 EDTSTJSt. Jude Medical reports Q4 CRM sales $685M
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07:15 EDTSTJSt. Jude Medical reports Q4 adjusted EPS $1.03, consensus $1.03
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January 27, 2015
16:34 EDTSTJSt. Jude Medical announces FDA approval of FlexAbility Ablation Catheter
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15:35 EDTSTJNotable companies reporting before tomorrow's open
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08:42 EDTMDTMedtronic coverage resumed with a Buy at Goldman
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January 26, 2015
17:06 EDTMDTMedtronic completes acquisition of Covidien for $49.9B
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08:52 EDTBSXCourt ruling likely to be positive for Boston Scientific, says Bernstein
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07:17 EDTMDT, STJSociety of Thoracic Surgeons to hold annual meeting
51st Annual Meeting of STS is being held in San Diego, California on January 24-28.
07:08 EDTMDTMedtronic pending acquisition of Covidien approved by Irish High Court
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January 23, 2015
16:33 EDTMDTMedtronic reports 5.1% passive stake in Intersect ENT
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15:46 EDTMDTPiper Jaffray's medtech analysts hold an analyst/industry conference call
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14:02 EDTBSXJPMorgan reports 5.7% passive stake in Boston Scientific
08:36 EDTMDTMedtronic receives FDA approval for for the Medtronic Enterra II System
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January 22, 2015
07:31 EDTBSXBoston Scientific damages in case likely to be manageable, says Wells Fargo
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05:47 EDTBSXStocks with implied volatility movement; BSX T
Stocks with implied volatility movement; Boston Scientific (BSX) 49, AT&T (T) 20 according to iVolatility.
January 21, 2015
18:06 EDTMDTS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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