UPDATE: Jefferies Raises PT to $27 on Hanger Orthopedic Group; Strong Q1, WalkAide Progress

27% profit every 20 days?

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Jefferies increases its price target from $24.50 to $27 on Buy-rated Hanger Orthopedic Group (NYSE: HGR) as the company posts strong results for its Q1. Jefferies says, "HGR's 7% same-store performance in Q1 and its progress with its WalkAide clinical trials further strengthen our positive conviction in the name. Given our view that HGR's organic growth momentum and margin expansion opportunities can drive upside vs. mgmt's guidance and current Street expectations, we believe HGR is compelling at 7x FY13 EBITDA."HGR closed at $23.29 on Wednesday.

27% profit every 20 days?

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