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WMGI

Wright Medical

$30.13

0.2 (0.67%)

07:26
05/07/19
05/07
07:26
05/07/19
07:26

Wright Medical appoints Jason Asper CDO, creates new digital organization

Wright Medical announced that they will create a new digital organization and appointed Jason Asper as senior VP, chief digital officer, or CDO. This appointment is in addition to Asper's current responsibilities for strategy, corporate development and information technology. This new digital organization will focus to execute Wright's digital surgery strategy to develop new platforms, accelerate surgical solutions and drive software technology innovation across the business. This organization will build upon the company's software by leveraging emerging technologies such as artificial intelligence and augmented reality to provide software-enabled surgery platforms and solutions for the extremities markets. Asper will be responsible for developing and executing Wright's digital surgery strategy across the company's extremities business units as well as leveraging technology to drive efficiencies across all functions of the company.

  • 07

    May

WMGI Wright Medical
$30.13

0.2 (0.67%)

02/27/19
CANT
02/27/19
NO CHANGE
Target $39
CANT
Overweight
Wright Medical price target raised to $39 from $35 at Cantor Fitzgerald
Cantor Fitzgerald analyst Craig Bijou raised his price target for Wright Medical Group to $39 citing the company's "encouraging" 2019 guidance. The analyst believes Wright Medical posted "solid" Q4 results, with strength across each of its segments. He continues to believe the company "has multiple drivers to accelerate growth in 2019." Bijou reiterates an Overweight rating on the shares.
02/27/19
JEFF
02/27/19
NO CHANGE
Target $40
JEFF
Buy
Wright Medical price target raised to $40 from $35 at Jefferies
Jefferies analyst Raj Denhoy raised his price target for Wright Medical Group to $40 following the company's Q4 results. Wright is "hitting its stride" with 10% organic growth in Q4 driven by good results in upper extremities and biologics, Denhoy tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
03/14/19
BMOC
03/14/19
NO CHANGE
Target $36
BMOC
Outperform
Wright Medical price target raised to $36 from $33 at BMO Capital
BMO Capital analyst Joanne Wuensch raised her price target on Wright Medical to $36 and kept her Outperform rating after hosting an investor meeting that featured discussions with surgeons for upper and lower extremities about their use of Blueprint and Cartiva technologies. The analyst is positive on the stock, noting the company's completed integration of Tornier, expansion of its sales force, and its new product launches on the way generating "momentum in upper and lower extremities franchises."
03/15/19
BARD
03/15/19
NO CHANGE
BARD
Stryker, Wright Medical best positioned in medical robotics, says Baird
Following meetings at American Academy of Orthopaedic Surgeons this week, Baird analyst Jeff Johnson said that Stryker (SYK) remained the "clear robotics leader," and added that Smith & Nephew (SNN), Zimmer Biomet (ZBH), and to a lesser extent Johnson & Johnson (JNJ) were all "making progress." The analyst came away most positive on Stryker, due to momentum in multiple pipelines, and Wright Medical (WMGI), due to its core business strength and its intriguing pipeline. Johnson has an Outperform rating and $201 price target on Stryker, and Outperform rating and $36 price target on Wright Medical Group.

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