Oppenheimer Questions Valuation of Boston Scientific’s $14.5 Billion Penumbra Deal

Boston Scientific Corporation (NYSE:BSX) is one of the best mid-cap growth stocks to buy right now. On January 16, Oppenheimer lowered its price target on Boston Scientific to 100from100 from 125 with an Outperform rating. Oppenheimer is cautious on the financial optics of Boston Scientific’s 14.5billionacquisitionofPenumbra.Althoughthedealcreatesapowerhouseinthethrombectomyandneurovascularmarkets,analystsarequestioningthevaluation.At14.5 billion acquisition of Penumbra. Although the deal creates a powerhouse in the thrombectomy and neurovascular markets, analysts are questioning the valuation. At 374 per share, the high purchase multiple may hinder ...

Oppenheimer Questions Valuation of Boston Scientific’s $14.5 Billion Penumbra Deal - Reportify