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WMGI

Wright Medical

$22.80

-0.34 (-1.47%)

05:44
12/22/16
12/22
05:44
12/22/16
05:44

Jefferies ups Wright Medical target after orthopedic surgeon survey

Jefferies analyst Raj Denhoy raised his price target for Wright Medical to $30 from $28 and says the stock remains a top pick at his firm. At $660M and growing in the high single digits, the shoulder replacement market is one of the more attractive orthopedic segments, Denhoy tells investors in a research note. He believes Wright is positioned to benefit from the growth. The analyst points out that his firm's survey of 50 orthopedic surgeons suggests that short-stem, bone-sparing implants will take market share, and that Wright's Simpliciti remains the only such offering approved in the U.S. Denhoy keeps a Buy rating on Wright Medical.

  • 09

    Jan

WMGI Wright Medical
$22.80

-0.34 (-1.47%)

07/13/16
JPMS
07/13/16
UPGRADE
Target $26
JPMS
Overweight
Wright Medical upgraded to Overweight from Neutral at JPMorgan
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.
07/13/16
07/13/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Pandora (P) upgraded to Overweight from Neutral at Piper Jaffray with analyst Stan Meyers saying the company is nearing an inflection point and that "meaningful upside" lies ahead. 2. Murphy Oil (MUR) upgraded to Overweight from Equal Weight at Barclays with analyst Paul Cheng saying the global oil market is currently in the "midst of a continued upward trajectory" in which Brent could average $85 by the fourth quarter of 2017 and $80-$90 between 2018 and 2021. 3. NuVasive (NUVA) upgraded to Overweight from Neutral at JPMorgan with analyst Andrew Hanover saying the company's first quarter outperformance "was not a fluke." 4. PSEG (PEG) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Stephen Byrd saying he expects stronger post-2017 earnings power based on the company's significant pipeline of regulated investment opportunities and the upcoming rate case to be filed in 2017. 5. Wright Medical (WMGI) upgraded to Overweight from Neutral at JPMorgan with analyst Andrew Hanover saying 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%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/16
PIPR
08/16/16
NO CHANGE
Target $27
PIPR
Overweight
Piper views Augment July sales drop as 'glass half full'
Piper Jaffray analyst Matt O'Brien says recently posted July sales for Wright Medical's Augment of $1.4M are a decline when compared to June and May. O'Brien admits the number appears negative, but says he's viewing the data "more glass half full." The first month in a quarter is usually the lowest and July is one of the peak summer months for seasonality, the analyst tells investors in a research note. O'Brien keeps an Overweight rating on Wright with a $27 price target.
11/03/16
WBLR
11/03/16
NO CHANGE
WBLR
Outperform
Wright Medical settlement removes litigation overhang, says William Blair
William Blair analyst Kaila Krum noted that Wright Medical announced that it has reached a Master Settlement Agreement in its metal-on-metal hip litigation and also entered an agreement with three of its insurance carriers, which she believes address a "significant proportion" of the potential impact and removes a "meaningful overhang" on the stock. Krum, who has been impressed by the company's performance in recent quarters believes the company will "prove quite compelling" as a takeout target for a larger player in the long-term, keeps an Outperform rating on Wright shares.

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UNM

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FY18 consensus $1.30.

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