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Fly News Breaks for September 8, 2017
SYK
Sep 8, 2017 | 08:08 EDT
RBC Capital analyst Glenn Novarro says that the decline in Stryker's stock in the wake of a warning letter it received and its guidance cut has created a buying opportunity. The analyst calls the letter "a temporary setback" as he thinks that the issues behind it "are manageable." He remains upbeat on the company's fundamentals and growth outlook and keeps a $155 price target and Outperform rating on the shares.
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