Raymond James analyst Jayson Bedford downgraded Edwards Lifesciences to Market Perform from Outperform without a price target. Raymond James is less confident in the sustainable growth profile, and says that recent recent TAVR trends continue in the 7%-8% range, limiting upside to estimates, the analyst tells investors in a research note. The firm believes that the narrative on the stock becomes more defensive until U.S. TAVR growth sustainably accelerates or the rich pipeline gets closer to commercialization.
Published first on TheFly
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