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LivaNova downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded LivaNova (LIVN) to Neutral from Buy with a price target of $55, down from $56. The firm believes that as the Essenz product cycle passes the halfway point, LivaNova’s decelerating sales growth and slowing rate of margin expansion are likely to limit the potential for multiple expansion. Consensus estimates now more appropriately capture the company’s forward outlook, the analyst tells investors in a research note.

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