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UPDATE: BMO Capital Markets Upgrades Tornier to Outperform Ahead of Q3 Earnings

Related TRNX
Morning Market Movers
Tornier Announces Secondary Offering of 5.125M Ordinary Shares

BMO Capital Markets raised its rating on Tornier (NASDAQ: TRNX) from Market Perform to Outperform with a reiterated $23 price target.

BMO Capital Markets noted, "As we prepare for the 3Q12 earnings, and look in to 2013, we are upgrading shares of TRNX to OUTPERFORM from MARKET PERFORM, given lowered expectations, a stock that has not recovered after its 2Q12 miss (down 12.9% versus a 6.1% rise in the S&P 1500 HC E&S index since August 7, 2012), and favorable extremities market growth dynamics."

Tornier closed at $10.05 on Monday.

Latest Ratings for TRNX

DateFirmActionFromTo
Aug 2014BMO CapitalUpgradesMarket PerformOutperform
Aug 2014JP MorganMaintainsOverweight
Jun 2014BarclaysMaintainsOverweight

View More Analyst Ratings for TRNX
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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