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Fly News Breaks for August 28, 2018
WMGI
Aug 28, 2018 | 05:57 EDT
Needham analyst Michael Matson upgraded Wright Medical Group to Buy with a $30 price target. The share pullback on dilution from the company's acquisition of Cartiva provides a buying opportunity, Matson tells investors in a research note. The analyst believes the deal improves Wright Medical's underlying revenue growth. He has confidence that the company can continue to post "beat and raise" quarters.
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