Boston Scientific Corp
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Z%c | LOCK|Y<@<R | LOCK|Yvfc?p# |
Competitive Pressure Bears Down on Boston Scientific's Key Growth Drivers
Business Strategy and Outlook
Boston Scientific has proved to be a fierce competitor among the three major cardiac device makers, with a record of meaningful innovation and impressive operational chops. Even a prolonged period of operational and management upheaval from 2006 to 2014 wasn't enough to permanently impair Boston's underlying business or the organization's ability to develop and commercialize new technology platforms. Under CEO Michael Mahoney, the firm has focused on introducing novel technology, accelerating growth, and leveraging its historically formidable sales and marketing resources.
