Canaccord Genuity Maintains a 'Buy' on Edwards Lifesciences (EW); Voting in Favor of SAPIEN

June 14, 2012 8:32 AM EDT Send to a Friend
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Price: $65.53 -0.29%

Rating Summary:
    11 Buy, 14 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Canaccord Genuity maintains a 'Buy' on Edwards Lifesciences (NYSE: EW) price target of $103.00.

Analyst, Jason R. Mills, said, "The FDA panel voted in favor of SAPIEN, intimating that Cohort A data provided reasonable assurance of the safety, effectiveness and benefits outweighing risks of SAPIEN TAVI in high-risk patients with severe symptomatic aortic stenosis. We currently expect formal FDA approval in late Q3/early Q4, but think earlier-than-expected approval is possible, which could portend upside to our/consensus revenue/EPS estimates."

For an analyst ratings summary and ratings history on Edwards Lifesciences click here. For more ratings news on Edwards Lifesciences click here.

Shares of Edwards Lifesciences closed at $90.54 yesterday, with a 52 week range of $61.59-$92.30.


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