Time for Boston Scientific shares to break out?

February 18, 2015 5:33 PM

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Time for Boston Scientific shares to break out?

LOS ANGELES (MarketWatch) -- For much of the past decade, Boston Scientific Corp. has struggled to keep up with the valuations of its rivals in the medical device-making business, its stock languishing in the teens and even single digits at times while competitors’ shares fly at much higher levels.

On Tuesday Boston Scientific BSX, +11.15% removed what many stock analysts say was a “major overhang” on its stock by reaching a $600 million settlement in a $7 billion lawsuit, which had reminded many of the company’s downfall that began in 2006 when it acquired heart-device maker Guidant Corp.

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