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Fly News Breaks for August 24, 2017
SYK
Aug 24, 2017 | 07:25 EDT
Piper Jaffray analyst Matt O'Brien said he believes Stryker's guidance, which the company maintained but guided toward the low end along with its voluntary product recall announcement, is achievable. Further, he doesn't think the issues the company revealed yesterday pose a meaningful long-term impact and he views the 5% pullback on the news as an opportunity to start or add to positions. O'Brien keeps an Overweight rating and $148 price target on Stryker shares.
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