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Fly News Breaks for January 11, 2017
SYK
Jan 11, 2017 | 07:57 EDT
Leerink analyst Richard Newitter raised his price target for Stryker to $136 from $127 after the company pre-announced a "solid" Q4 revenue beat and full year EPS that is anticipated to come in at the top-end of guidance. The analyst believes this "strong finish" to 2016 sets the tone for what he thinks will be continuing execution towards driving revenue growth at the top-end of MedTech. He reiterates an Outperform rating on the shares.
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