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Raymond James downgrades Boston Scientific stock rating on growth concerns
Raymond James has downgraded Boston Scientific (NYSE:BSX) from Strong Buy to Outperform and reduced its price target to $88.00 from $97.00, citing concerns about slower growth in key areas like U.S. electrophysiology and Watchman. Despite the downgrade, the firm still considers Boston Scientific a high-quality, fast-growing company in medical technology. The stock is currently trading near its 52-week low, and while growth concerns are noted, the firm believes the current stock price largely reflects these issues.