Wolfe Research downgraded Edwards Lifesciences to Underperform from Peer Perform with a $57 price target. The analyst sees risk of U.S. transcatheter aortic valve replacement disappointment in the next two years as the category matures and competition rises. The firm also sees the Street’s mid-term margin model for Edwards Lifesciences as too optimistic. It sees risk that the company’s 2024 guidance next week starts below Street estimates.
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Read More on EW:
- Edwards announces one-year results from CLASP IID trial
- Edwards announces ‘successful results’ from TRISCEND II trial
- Edwards Lifesciences price target lowered to $76 from $83 at Truist
- Edwards Lifesciences price target lowered to $70 from $87 at Stifel
- Edwards Lifesciences price target lowered to $82 from $86 at RBC Capital
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