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Edwards Lifesciences (EW)
by Zacks Equity ResearchNovember 01, 2012 | Comments : 0 Recommended this article: ()
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Given these headwinds, the company lowered its outlook for 2012. We prefer to avoid the stock and accordingly downgrade it to Underperform.
Edwards current trailing 12-month earnings multiple is 36.3. The stock is currently trading at 27.1x the 2013 EPS estimate of $3.21. Our target price is based on 24.6x our 2013 EPS estimate.