Wright Medical at sector perform by RBC

Wright Medical Group Inc. was rated at sector perform, above average risk and $26 price target, by RBC Capital Markets analyst William R. Quirk after the company posted solid second-quarter results, including constant currency revenue growth of 5.8% to $87.5 million, beating RBC's $87.3 million and consensus $86.4 million expectations. Adjusted earnings per share of $0.15 beat the analyst's estimate by 1 cent. Shares of the Arlington, Tenn.-based medical device company were up 75 cents, or 3.56%, at $21.83 on volume of 365,333 shares versus the three-month running average of 346,366 shares. (Nasdaq: WMGI)

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