NewsDialy
A price target is what analysts use to project how high they expect a stock to climb within a set period. UBS lowered that number for Boston Scientific while keeping its buy rating on the shares unchanged.
The bank still recommends the stock but now sees a smaller potential gain. What a buy rating and a price target each mean A buy rating is a formal recommendation telling clients the stock is worth owning.
UBS has kept that call on Boston Scientific in place. A price target does different work. It is the specific level the analyst expects the stock to reach, the number that defines how much upside the buy call implies.
When that number falls while the rating stays, the directional view holds but the projected return shrinks. Investors sometimes read a maintained buy rating as a clean green light.
Keep reading