J.P. Morgan Raises PT On Tornier

In a recent report, J.P. Morgan has raised the price target on Tornier N.V. (NASDAQ: TRNX) from $26.00 to $30.00 and reiterated an Overweight rating on the company after J.P. Morgan spent a few days on the road with TRNX.

In the report, J.P. Morgan said, "The tone was notably upbeat, as the company is, as evidenced by the first quarter's outperformance, executing on its growth strategy and has multiple drivers of above market growth in the quarters and years ahead."

Tornier closed yesterday at $26.40.