NEW YORK (AP) — Shares of medical device makers traded higher Monday as analysts for Morgan Stanley predicted another strong year for health care stocks, naming Boston Scientific as a top pick in the sector. A group of analysts said health care is "our top overweight" in the market. Analyst David Lewis upgraded Boston Scientific Corp. to "Overweight" from "Equal-weight," saying the company's sales will pick up in 2014 after several years of weakness and its profit margins could improve. Lewis set a price target of $15 per share on the Natick, Mass. , company's stock. The stocks performed well in 2013, as they're all trading at long-time highs. Boston Scientific shares doubled in value last year. In afternoon trading Boston Scientific shares added 41 cents , or 3.4 percent, to $12.34 . Earlier they reached a five-year high of $12.55 . Medtronic Inc. shares rose $1.30 , or 2.3 percent, to $59.64 and touched a high of $59.77 , their highest price in almost eight years. St. Jude Medical Inc. stock gained $2.53 , or 4.1 percent, to $63.72 and set an all-time high of $64.15 .
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