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Fly News Breaks for February 15, 2017
WMGI
Feb 15, 2017 | 09:08 EDT
As previously reported, Needham analyst Mike Matson downgraded Wright Medical to Hold from Buy, saying that while he thinks 2017 estimates are achievable, revenue guidance is likely to require a 2H17 ramp and this could cause an overhang on the shares. Additionally, the analyst believes that while Wright Medical's sales force expansion should eventually drive faster revenue growth, it could cause short-term disruption.
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