Morgan Stanley initiated coverage of Shoulder Innovations (SI) with an Overweight rating and $18 price target Shoulder Innovations is capturing share in “one of the fastest growing ortho segments,” namely the shoulder arthroplasty market, with products that offer a better range of motion for patients, lower revisions rates, and greater stability, the analyst tells investors. The firm thinks clear surgeon adoption trends and underlying margin strength “position the company for meaningful upside,” the analyst added.
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