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Stock Market & Financial Investment News

News Breaks
May 21, 2014
07:49 EDTEW, MDTEdwards Lifesciences price target raised to $94-$95 from $90-$91 at Wells Fargo
Wells Fargo increased its price target on Edwards (EW) after the company agreed to settle its litigation with Medtronic (MDT). The firm thinks the terms of the deal were slightly more favorable to Edwards than it had anticipated. It keeps an Outperform rating on Edwards.
News For EW;MDT From The Last 14 Days
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April 1, 2015
09:10 EDTMDTMedtronic announces new SPYRAL HTN clinical trial program
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March 31, 2015
08:36 EDTMDTMedtronic receives FDA approval for CoreValve System
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March 30, 2015
16:55 EDTMDTFDA expands use of CoreValve System
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09:04 EDTMDTMedtronic announces Japanese approval of CoreValue System
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March 25, 2015
16:05 EDTMDTMedtronic highlights data on patients undergoing laparoscopic colon resections
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March 24, 2015
10:08 EDTEWSenate Health, Education, Labor & Pensions Committee to hold a hearing
The Committee holds a hearing entitled, "Continuing America’s Leadership: Advancing Research and Development for Patients" with Chairman & CEO Mussallem of Edwards Lifesciences on March 24 at 10 am. Webcast Link
March 20, 2015
16:33 EDTEWStocks end week higher after market reads Fed statement as dovish
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March 18, 2015
05:39 EDTMDTSt. Jude Medical downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded St. Jude Medical (STJ) to Market Perform saying competitive pressures will drive 2015 market share losses in the company's cardiac rhythm management business, which represents 50% of total sales. Wells believes the launch of CardioMEMS will not be strong enough to offset the headwinds in CRM unit. The firm thinks Boston Scientific's (BSX) earlier than expected approval for its next generation subcutaneous implantable cardioverter-defibrillator called Emblem will drive share gains against St. Jude and Medtronic (MDT) in the single chamber ICD market. Wells cut its price target range for St. Jude shares to $69-$70 from $73-$74. The medical technology company closed yesterday down $2.01 to $65.45.

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