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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
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