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Fly News Breaks for April 21, 2016
SYK
Apr 21, 2016 | 08:01 EDT
Leerink analyst Richard Newitter raised his price target for Stryker to $125 from $111 on valuation. The analyst is more confident in the company's top-tier revenue growth and margin expansion after Stryker reported a "solid" Q1 beat, which was highlighted by "strong" performances across the U.S. businesses, margin upside, and raised 2016 sales and EPS guidance. Newitter reiterates an Outperform rating on the shares.
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