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A credible upgrade with a substantial PT raise often attracts buying interest; EW could gap toward the new target or test resistance near $110-$115, depending on broader market conditions and healthcare stock momentum. Historical precedent shows similar upgrades producing 5-15% intraday to 1-2 week rallies, barring negative catalysts.
What happened, with direct paths to the underlying reporting
Truist Securities analyst Richard Newitter upgraded Edwards Lifesciences EW to Buy and lifted the price target to $113 from $95, signaling stronger expected upside. With EW trading around $95.19, the new target suggests roughly 18-20% potential upside if the call plays out. The move comes amid a broader wave of analyst upgrades across several names, signaling improving sentiment for select large-cap stocks.
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