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Fly News Breaks for April 16, 2018
SYK
Apr 16, 2018 | 07:55 EDT
Morgan Stanley analyst David Lewis said Stryker's integration of Novadaq has progressed faster than expected, with minimal disruption, which gives him more comfort regarding two persistent concerns about Stryker - namely the price of growth acquisitions and its ability to drive leverage. Lewis, who expects Stryker's organic growth momentum from 2017 to continue into Q1, keeps an Overweight rating and $186 price target on the shares.
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