UPDATE: Stifel Nicolaus Initiates Edwards Lifesciences at Buy on Growth Outlook
Stifel Nicolaus initiated coverage on Edwards Lifesciences (NYSE: EW) with a Buy rating and a $113 price target.
Stifel Nicolaus noted, "We are initiating coverage of Edwards Lifesciences Corp. (EW) shares with a Buy rating and a $113 12-month target price. Over time, we think that Edwards' current market leading TAVR share (approximately 64% WW), its healthy new product pipeline, and the move into new geographies (e.g.Japan) will substantially expand the company's profitability and drive sustained above-industry-average growth through mid-decade. As the Transcatheter Valve Replacement market evolves further in years ahead, we believe Edwards is poised to benefit, driving significant top-line growth and operating leverage."
Edwards Lifesciences closed at $85.74 on Monday.
Latest Ratings for EW
|Dec 2014||Bank of America||Maintains||Neutral|
|Dec 2014||Morgan Stanley||Maintains||Equal-weight|
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