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Health and Healthcare

Top Med-Tech Stock Picks for 2012 (BSX, ISRG, STJ)

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By Jon C. Ogg Updated Published
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Many research firms have been coming up with their best ideas lists for 2012.  Today brought a list of top picks in the medical technology and medical devices sector from Zacks Investment Research.  We have decided to focus on three picks with some commentary and observations of our own along with the consensus upside from Thomson Reuters rather than just the full Zacks list: Boston Scientific Corporation (NYSE: BSX); Intuitive Surgical, Inc. (NASDAQ: ISRG); and St. Jude Medical, Inc. (NYSE: STJ). There is also a link on each for you to get the full report on each from Zacks.

Boston Scientific Corporation (NYSE: BSX) is a bit of a surprise to see as a top pick considering that this company’s stock is not just under $10.00 now… It is barely a $5.00 stock.  The drug-eluting stent share and a recent approval are driving the decision.  The consensus analyst price target from Thomson Reuters is roughly $7.00, implying about 35% upside from here. FULL BOSTON SCIENTIFIC REPORT

Intuitive Surgical, Inc. (NASDAQ: ISRG) is not so interesting as a top pick because of any sort of controversy, but it is interesting as a top pick considering that it is up more than 50% in 2011.  At $440.73 and with a high of $449.06, this stock is trading right at the consensus analyst target price from Thomson Reuters of $440.10. FULL INTUITIVE REPORT

St. Jude Medical, Inc. (NYSE: STJ) may seem like a bottom-fishing pick as shares are down about 40% from the annual highs.  At $33.67, the Thomson Reuters consensus price target has an implied 32% of upside to the $44.38 price target.  Zacks called it better placed against other medical devices stocks in the cardiovascular sector, with positive earnings surprises and healthy revenue growth. FULL ST. JUDE REPORT

Others on the top picks list for 2012 by Zacks are Medtronic, Inc. (NYSE: MDT), Stryker Corporation (NYSE: SYK), Thermo Fisher Scientific, Inc. (NYSE: TMO), and ZOLL Medical Corporation (NASDAQ: ZOLL).

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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