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Edwards Lifesciences price target lowered to $85 from $87 at Canaccord

Canaccord analyst William Plovanic lowered the firm’s price target on Edwards Lifesciences (EW) to $85 from $87 and keeps a Hold rating on the shares. The firm noted management raised its overall revenue, total TAVR, and adjusted EPS guidance ranges slightly ahead of estimates. Overall revenue growth guidance was raised from 9% year-over-year at the midpoint to 10%, which now implies $6.7B and is slightly ahead of estimates.

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