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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:05 EDTSNN, WMGI, ARTC, CNMDArthroCare deal favorable for Wright Medical, CONMED, says Summer Street
Summer Street believes the valuation multiple paid for ArthroCare (ARTC) by Smith & Nephew (SNN) is favorable for Wright Medical (WMGI) and CONMED (CNMD). The firm views the deal as low risk for Smith & Nephew and believes it will be accretive to the company's overall growth rate.
News For WMGI;CNMD;ARTC;SNN From The Last 14 Days
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January 28, 2015
08:23 EDTCNMDCONMED price target raised to $56 from $46 at Summer Street
Summer Street raised its price target for CONMED shares to $56 following the company's Q4 results and reiterates a Buy rating on the stock.
06:43 EDTSNNStryker still looking to make acquisitions, Reuters reports
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January 27, 2015
16:27 EDTCNMDCONMED sees revenue growth accelerating in 2H15
CONMED has outlined certain changes in the structure of its commercial organization that management believes will return the company to sales growth in 2015. The company anticipates constant currency sales growth of 1% to 3% for the full year, which will be driven by new product launches and a reorganization of certain aspects of the commercial sales organization in early 2015. As a result, management expects revenue growth to accelerate in the second half of 2015 compared to the first half of 2015.
16:05 EDTCNMDCONMED sees FY15 adjusted EPS $1.82-$1.92, consensus $2.02
Sees FY15 revenue $727M-$742M, consensus $749.92M.
16:04 EDTCNMDCONMED sees FY15 constant currency sales growth of 1%-3%
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16:03 EDTCNMDCONMED reports Q4 adjusted EPS 53c, consensus 54c
Reports Q4 revenue $195M, consensus $196M.

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