Jefferies Maintains Hold Rating On WMGI

Jefferies maintains its rating on shares of Wright Medical Group WMGI at Hold “and our 12-month target is $16.” “The target is the current 1.3x EV/2011 sales multiple rolled forward to 2012 forecasts,” Jefferies writes. “Risks include slower revenue growth, particularly in extremities, product performance issues, and higher than anticipated spending.” Wright Medical Group closed Thursday at $15.11.