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Truist cuts Boston Scientific stock price target on growth outlook
Truist Securities has lowered its price target for Boston Scientific Corp. (NYSE:BSX) from $90 to $85, while maintaining a Buy rating. This adjustment follows the company’s first-quarter 2026 results and revised guidance, which Truist views as de-risked. Despite decelerating trends in some divisions, the firm anticipates 8% or higher organic growth for 2027-2028 and believes the stock is undervalued, supported by a low P/E ratio and attractive PEG ratio.