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Fly News Breaks for July 6, 2015
EW
Jul 6, 2015 | 08:04 EDT
Morgan Stanley upgraded Edwards Lifesciences to Overweight and increased its price target to $168 from $135. The firm expects the aortic valve market to growth materially over the next 10 years and said Edwards' TAVR sales are approaching an inflection. Morgan Stanley expects Edwards to be a 10% top and 15% bottom line grower through 2020, driving a premium multiple.
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