Wright Medical Group N.V. Announces Entry Into Metal-On-Metal Hip Litigation Settlement Agreement

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Leerink Partners Cuts Price Target on Wright Medical Group (WMGI) Following 3Q

November 3, 2016 7:22 AM EDT

Leerink Partners maintained an Outperform rating on Wright Medical Group (NASDAQ: WMGI), and cut the price target to $25.00 (from $27.00), following the company's 3Q earnings report. Revenue from continuing operations of $157.3M was about in-line with consensus' $157.7M. EBITDA of $5.7M beat the consensus estimate of... More