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Fly News Breaks for November 8, 2018
WMGI
Nov 8, 2018 | 05:30 EDT
Piper Jaffray analyst Matt O'Brien raised his price target for Wright Medical to $35 saying the company posted a Q3 beat with upper extremity outperformance. Further, the lower extremity business continues to "rebound nicely," showing an acceleration in total ankles up 22% and the core segment demonstrating further market-rate-growth with increased sales force productivity, O'Brien tells investors in a post-earnings research note. He encourages investors to start positions in the name and reiterates an Overweight rating on Wright Medical.
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