Canaccord Genuity Reiterates a 'Buy' Edwards Lifesciences (EW); Utilizing TAVI

June 25, 2012 8:26 AM EDT
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Price: $89.79 -0.04%

Rating Summary:
    31 Buy, 14 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' Edwards Lifesciences (NYSE: EW) price target of $123.00 (from $103.00).

Analyst, Jason R. Mills, said, "The ACC, STS, and CMS hosted a webinar late last week on the TVT registry, to which TAVI centers must contribute per FDA & CMS requirements. Experts from these agencies highlighted earlier-than-expected progress, which we think could be a positive signal for TAVI utilization, as the registry is tied to reimbursement. We maintain our 2012 US SAPIEN estimates, but think upside is possible."

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 $101.56 yesterday.


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