Morgan Stanley analyst Cecilia Furlong lowered the firm’s price target on Edwards Lifesciences to $92 from $98 and keeps an Overweight rating on the shares following the company’s annual investor day. Edwards’ initial 2023 outlook was about in-line with estimates and appears "realistic," according to Lewis, who said the reiteration of the 2028 long-range outlook frames "a path to recovery and growth," but adds that "signs of recovery are still needed to instill confidence."
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