Manufacturers of medical devices received a boost Monday after Morgan Stanley analysts named health care stocks as their "top overweight" in the market. Shares of Boston Scientific Corporation reached a four-year high after being named Morgan Stanley’s top pick in the sector and upgraded to "overweight" from "equal weight", Abbott Laboratories and St. Jude Medical Inc. were also upgraded to "overweight". Additionally, shares of Medtronic, Inc. hit an eight-year high after receiving an "overweight" upgrade from JPMorgan.
Abbott Laboratories (NYSE: ABT) shares traded in the range of $39.11 to $39.69 Monday before settling to close at $39.15, an increase of 1.32 percent. The stock appears to have some support at the $39.11, $38.76 and $38.26 levels. Shares of Abbott Laboratories have gained approximately 18.0 percent in the past year.
More information on Abbott Laboratories and access to the free equity report can be found at:
Boston Scientific Corporation (NYSE: BSX) shares traded in the range of $12.20 to $12.55 Monday before settling to close at $12.33, an increase of 3.35 percent. The stock appears to be facing some resistance at $12.42 with some support at the $12.06 and $11.76 levels. Shares of Boston Scientific have gained approximately 105.0 percent in the past year.
More information on Boston Scientific and access to the free equity report can be found at:
Medtronic, Inc. (NYSE: MDT) shares traded in the range of $58.90 to $59.77 Monday before settling to close at $59.22, an increase of 1.51 percent. The stock appears to have some support at the $58.86, $58.59 and $58.17 levels. Shares of Medtronic have gained approximately 38.0 percent in the past year.
More information on Medtronic and access to the free equity report can be found at:
St. Jude Medical, Inc. (NYSE: STJ) shares traded in the range of $62.18 to $64.15 Monday before settling to close at $63.64, an increase of 4.0 percent. The stock appears to be facing some resistance at $63.74 with some support at the $61.96 and $60.95 levels. Shares of St. Jude Medical have gained approximately 70.0 percent in the past year.
More information on St. Jude Medical and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals
Email: [email protected]