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Fly News Breaks for December 8, 2017
ENTL, SYK
Dec 8, 2017 | 12:44 EDT
Canaccord analyst Kyle Rose believes Stryker's (SYK) $662M acquisition of Entellus (ENTL) is a positive, as it strengthens Stryker's presence in the ear, nose, and throat market and adds products that complement Stryker's existing presence in the navigation market. Rose views the acquisition premium as competitive, and does not expect additional bidders to emerge. Rose has a Buy rating and $162 price target on Stryker shares.
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