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Truist bets on a 'beat & raise' Q1 for some med-tech players

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** 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


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