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UPDATE: Argus Research Upgrades Stryker

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In their Wednesday morning summary, Argus Research analysts upgraded shares of Stryker (NYSE: SYK) from Hold to Buy and set a price target of $102.

Looking at 2014, the Argus team is forecasting a stronger second half for Stryker. The team is basing this on the company's "solid" growth in businesses outside orthopedics, a better position to boost sales of knee implants following the MAKO acquisition and a higher amount of elective surgeries.

The team also noted that the pending merger of Zimmer and Biomet may create a possibility for Stryker to gain market share due potential disruptions of the competitor's sales.

Based on the items above, the analysts at Argus have raised their EPS estimates from $4.78 to $4.81 and $5.06 to $5.20 for 2014 and 2015, respectively.

Latest Ratings for SYK

Nov 2018CitigroupMaintainsNeutralNeutral
Oct 2018BarclaysInitiates Coverage OnOverweight
Aug 2018BTIG ResearchInitiates Coverage OnBuy

View More Analyst Ratings for SYK
View the Latest Analyst Ratings

Posted-In: Argus ResearchAnalyst Color News Upgrades Price Target Analyst Ratings


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