Edwards Lifesciences (EW) PT Raised to at Jefferies Following PARTNER II Sapien 3 Data

Jefferies analyst Raj Denhoy reiterated a Buy rating and boosted his price target on Edwards Lifesciences (NYSE: EW) to $105.00 (from $100.00) after the much anticipated PARTNER II Sapien 3 data did not disappoint.

Denho commented, "Showing superiority to surgery on the primary endpoint was the best possible outcome but after a number of very positive recent studies, expectation in the clinical community for intermediate-risk was already very high. As such, while we are raising our numbers and price target, we think the impact will be more incremental, rather than transformative, to the trajectory."

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 $89.92 yesterday.

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