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WMGI

Wright Medical

$25.94

-0.47 (-1.78%)

07:08
07/10/18
07/10
07:08
07/10/18
07:08

Wright Medical downgraded to Market Perform at BMO Capital on valuation

As reported earlier, BMO Capital analyst Joanne Wuensch downgraded Wright Medical to Market Perform from Outperform but raised her price target to $28 from $25. The analyst notes that her new estimates now include the Augment Inject approval, though the 19% year-to-date rally in the stock price already reflects that development, with the current valuation of 4.2-times enterprise value to next-twelve-month sales coming above the 3.2-times average of the past 6 years. Wuensch adds that because of that high valuation, the next leg up in the stock price will be "more tempered".

  • 12

    Jul

WMGI Wright Medical
$25.94

-0.47 (-1.78%)

02/13/18
NEED
02/13/18
NO CHANGE
NEED
Needham a buyer of Medical Technologies product makers on Amazon headlines
After The Wall Street Journal report claiming that Amazon (AMZN) is attempting to become a major hospital supplier, Needham analyst Mike Matson said that he believes the e-commerce giant has typically disrupted middlemen much more than manufacturers. The analyst, who thinks Amazon's model may work for "lower tech" products but is unlikely to work with "higher tech" products, would be a buyer of Medical Technologies product maker stocks if they are down on weakness related to the headline risk represented by Amazon. However, Matson notes that he believe that Cantel Medical (CMD), CONMED (CNMD), Medtronic (MDT), Stryker (SYK) and Teleflex (TFX) generate a portion of their sales from "lower tech" products. Other stocks in MedTech manufacturing include AtriCure (ATRI), Cardiovascular Systems (CSII), Hill-Rom (HRC), K2M Group (KTWO), Mazor Robotics (MZOR), Zimmer Biomet (ZBH), Boston Scientific (BSX), Globus Medical (GMED), NuVasive (NUVA) and Wright Medical (WMGI).
06/13/18
GUGG
06/13/18
UPGRADE
GUGG
Buy
Wright Medical upgraded to Buy from Neutral at Guggenheim
06/21/18
LEER
06/21/18
NO CHANGE
Target $32
LEER
Outperform
Wright Medical price target raised to $32 from $27 at Leerink
Leerink analyst Richard Newitter raised his price target for Wright Medical to $32 from $27 as meetings with management leave him more bullish into 2H18. The analyst reiterates an Outperform rating on the shares.
07/10/18
BMOC
07/10/18
DOWNGRADE
BMOC
Market Perform
Wright Medical downgraded to Market Perform from Outperform at BMO Capital

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MLM

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CSTR

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$15.18

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AMZN

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$1,818.00

57.01 (3.24%)

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WDAY

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ANET

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BOOT

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  • 25

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TRCH

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RYTM

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TSLA

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AKRX

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IMUC

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RSNAY

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