Wells Fargo downgrades EW this morning with a Price Target of 61-63. They were at 85+.
When analysts throw in the towel investors/traders come back to the stock at lows.
EW has great products but weak professional management. They need a bigger name CEO who knows how to market and sell this product. Demographics are on their side for the long term as baby boomers continue to age in record numbers and many are just not practicing healthy lifestyles. EW should NOW be using FCF to repurchase shares at this level but if the market goes south so will the stock. I think JNJ should take the opportunity to snap them up here. Management would jump at an $85/share offer even though the long term trends indicate this is worth north of $125. All depends on how they further develop their valves and other new products in the pipeline.
HAHAHAHAHAHAHAHA......KKKKIIIIIIISSSSSS Smack on the cheek of the ask me no questions tell me no lies. HAHAHAHAHA stock is caving to next untested demand level at 56.17 - 53.1. There will be a lot of LEAPS.....out of the window as this stocks caves further.