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Stock impact report

Analyst Upgrades Signal Renewed Growth Cycle for Edwards Lifesciences Corporation (EW) [Yahoo! Finance]

Edwards Lifesciences Corporation (EW) 
Last edwards lifesciences corporation earnings: 4/23 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.edwards.com
Company Research Source: Yahoo! Finance
of Edwards Lifesciences Corporation (NYSE:EW) to $110 from $105 while reiterating a Buy rating. The price target hike is in response to a significant increase in the number of Transcatheter Aortic Valve Replacement (TAVR) procedures. After surveying physicians who perform the procedure, the results indicate significant growth in TAVR. Likewise, the results point to improvement in TAVR market fundamentals. The results align with the company's revenue growing by 10% in the third quarter, driven by growth in the TAVR division, which accounts for 75% of total revenue. It is the strongest growth for the division in recent years. Earlier, on January 9, TD Cowen upgraded Edwards Lifesciences to a Buy from Hold and raised the price target to $97 from $90. The price target hike is in response to the company entering what the research firm touts as a renewed growth cycle, driven by expanded indications for transcatheter aortic valve replacement (TAVR). Edwards Lifesciences Corporation (NY Show less Read more
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