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Edwards Lifesciences Slides After Being Added to Analyst Underperform List -Breaking

by Mike Robinson

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By Sam Boughedda

Investing.com — Shares of Edwards Lifesciences Corp (NYSE:) fell Monday after Evercore ISI analyst Vijay Kumar added the inventory to the agency’s Tactical Underperform Listing.

The analyst added the inventory forward of its Q1 launch this month. 

In a be aware to purchasers, Kumar pointed to the current run within the inventory, which has seen it achieve 8% within the final month, and provide chain points, which means there’s much less potential for upside to his forecasts. 

Edwards’ shares are down 2.7% Monday and seven.67% for the yr thus far. 

The analyst does, nevertheless, have an Outperform ranking on the shares and raised the value goal to $126 from $122.

In distinction, on Friday, Citi added the inventory to its Focus Listing. Citi analyst Joanne Wuensch added the inventory to the checklist as a result of fundamentals of the enterprise remaining constructive and the autumn in its share worth this yr.

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