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Fly News Breaks for February 17, 2016
SYK
Feb 17, 2016 | 05:51 EDT
Piper Jaffray analyst Matt O'Brien calls Stryker's acquisition of Physio-Control a "'bit of a head scratcher" given the historical performance of the company. Physio-Control has historically struggled with recalls and delivering steady topline growth, O'Brien tells investors in a research note. The analyst points out, however, that Stryker still has "ample dry powder" to do additional deals. He keeps an Overweight rating on the shares with a $110 price target.
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