Piper Sandler analyst Adam Maeder lowered the firm’s price target on Edwards Lifesciences (EW) to $70 from $73 and keeps a Neutral rating on the shares following Q3 earnings. Piper noted that the quarter looks “solid” and slightly better than the firm anticipated. While Piper thinks transcatheter cardiovascular therapeutics could be a “positive catalyst” for Edwards Lifesciences, the firm said it remains on the sidelines as it wrestles with the trajectory of the company’s transcatheter aortic valve replacement franchise.
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>>
Read More on EW:
- Edwards Lifesciences price target lowered to $70 from $71 at Truist
- Edwards Lifesciences price target raised to $63 from $60 at Canaccord
- Edwards Lifesciences price target raised to $78 from $72 at JPMorgan
- Edwards Lifesciences price target lowered to $68 from $73 at Baird
- Closing Bell Movers: Deckers up 12% after earnings beat