Boston Scientific (BSX +2.5%) hits a 16-month high today after Credit Suisse upped the stock to...

|About: Boston Scientific Corporation (BSX)|By:, SA News Editor

Boston Scientific (BSX +2.5%) hits a 16-month high today after Credit Suisse upped the stock to Outperform, citing a better top-line and improved visibility. On those catalysts, the firm reduces the valuation discount it thinks the stock should trade at versus rivals St. Jude (STJ) and Medtronic (MDT) to 10%. The stock currently trades at around a 20% discount to its peers.