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Fly News Breaks for March 24, 2015
TRNX, WMGI
Mar 24, 2015 | 11:10 EDT
After polling industry contacts about the Wright Medical's (WMGI) Augment vendor issues, Piper Jaffray now expects Augment will be approved in mid-Q3, or a quarter later than management has guided. The firm still expects the Tornier (TRNX) deal to close even if the timing slips further. It keeps an Overweight rating on Wright with a $24 price target.
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