Truist bets on a 'beat & raise' Q1 for some med-tech players
** Brokerage Truist Securities expects Q1 results beat and forecast raises for medical device makers Boston Scientific Corp BSX.N and Intuitive Surgical ISRG.O, among others
** Medical device makers have been benefitting in recent quarters due to a resurgence in demand for joint replacements and other surgeries that were delayed during the COVID-19 pandemic
** Truist believes medical-technology sector will see rising earnings this quarter
** Says BSX is more likely to see an estimates upside for this quarter and throughout 2024 from emerging new product cycles
** Also sees Q1 'beat & raises' for other small and mid-cap co's, including Inspire Medical Systems INSP.N, Lantheus Holdings LNTH.O and PROCEPT BioRobotics PRCT.O
** "If companies can beat Q1 estimates, it would go a long way towards de-risking forecasts in second-half of 2024" - brokerage
** Maintaining a "hold" rating on Stryker Corp SYK.N, brokerage says SYK has been one of the better YTD large-cap performers and expects co will beat top line Q1 estimates
Reporting by Pratik Jain in Bengaluru
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
