Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

CIBC World Keeps 'Sector Outperform' on Boston Scientific


CIBC World keeps sector outperform on Boston Scientific (BSX).

Analyst John Calcagnini says he spoke to the company, and he thinks the stock is weak because it's not going to be on an Oct. 2 FDA panel for its Taxus stent product. Boston Scientific told him a competitor has been speculating what the restenosis rate on Taxus stent will be.

Calcagnini says Boston Scientific expects to know a panel date in the next few weeks. He continues to think it's Taxus data will be competitive with the 9% in segment restenosis reported for Johnson & Johnson's Cypher stent. Further, he says some cardiologists are disappointed with J&J, and its handling of the Cypher launch. Calcagnini is keeping his $68 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus