Boston Scientific Posts Strong Third-Quarter Results as New Products Are Adopted
We expect to modestly raise our fair value estimate on the strength of Boston Scientific’s third-quarter results that underscored robust demand for its new products. With its new product cycles waxing right now thanks to the Synergy stent, peripheral intervention catheters and balloons, and MRI-compatible pacemaker, narrow-moat Boston should sustain the strong growth well into 2017, from our perspective. We were also pleased to see efficiency gains in the quarter, with adjusted operating margin ...Boston Scientific develops, manufactures and markets medical devices. The company's Medical Surgical segment consist of: Endoscopy, which develops and manufactures devices to diagnose and treat a range of gastrointestinal and pulmonary conditions; and Urology and Pelvic Health, which develops and manufactures devices to treat various urological and pelvic conditions. The company's Rhythm and Neuro segment includes: Cardiac Rhythm Management, which develops and manufactures implantable devices to treat cardiac abnormalities; and Electrophysiology, which develops and manufactures medical technologies used in the diagnosis and treatment of rate and rhythm disorders of the heart.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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