After Boston Scientific (BSX) announced a definitive agreement to acquire Endo's (ENDP) AMS urology portfolio for up to $1.65B, Wells Fargo thinks the portfolio fits well into the company's existing urology business, while the company will be able to accelerate the growth of the portfolio. The firm raised its price target range on Boston Scientific to $19-$20 from $17.50-$18.00. It keeps an Outperform rating on the shares.
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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