Evercore ISI Starts Edwards Lifesciences (EW) at Hold

Evercore ISI initiates coverage on Edwards Lifesciences (NYSE: EW) with a Hold rating and a price target of $84.50.

Analyst Vijay Kumar commented, "Our bullishness is reflected in above ST numbers for FY16 / 17, however current valuation levels and a balanced risk / reward cause us to Initiate with a Hold ($84.50 PT equates to ~30x blended forward multiple, in-line with large cap S&P500 growth co multiples)."

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 $78.84 yesterday.

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