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Fly News Breaks for July 13, 2016
WMGI
Jul 13, 2016 | 06:05 EDT
JPMorgan analyst Andrew Hanover upgraded Wright Medical to Overweight after assuming coverage of the name. Wright over the past year has transformed into the only publicly traded orthopedics company with a revenue base of over $500M and a projected top-line growth rate north of 10%, Hanover tells investors in a research note. The analyst sees strong underlying fundamentals and upped his price target for the shares to $26 from $21. Piper Jaffray this morning also upgraded Wright Medical.
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