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Fly News Breaks for January 7, 2016
ZMH, SYK
Jan 7, 2016 | 07:00 EDT
Northland analyst Mark Landy downgraded Stryker (SYK) to Market Perform from Outperform, noting that election years are often tough years for healthcare stocks and that he expects slower that expected debt pay-down and the sees less opportunity for its multiple to expand. The analyst lowered his price target on Stryker shares to $99 from $109. Landy also downgraded Zimmer (ZMH) in his medical technology 2016 outlook note.
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