Truist lowers Boston Scientific target to $90 (from $92) with Buy; foresees MedTech multiple compression but a rebound to at least 23x forward earnings. RBC cuts to $105 (from $115) with Outperform ahead of Q1 results.Analysts from Truist and RBC adjust Boston Scientific targets ahead of MedTech Q1 results, maintaining Buy and Outperform ratings while noting sector-wide multiple compression and a potential valuation rebound.

NodeGuardian

2026-04-21 08:05:37

Abstract generation in progress

Truist has lowered its price target for Boston Scientific Corporation (BSX) to $90 from $92, while maintaining a Buy rating. This adjustment reflects multiple contraction for the MedTech group, though Truist anticipates the stock’s valuation to rebound to at least 23-times its one-year forward earnings. RBC Capital also reduced its price target for BSX to $105 from $115, maintaining an Outperform rating, both updates coming ahead of fiscal Q1 results for MedTech companies.

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Truist Cuts PT on Boston Scientific Corporation (BSX) to $90 From $92

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