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Stryker Corporation Message Board

  • mister_green_genes mister_green_genes Oct 7, 2011 2:13 PM Flag

    Overweight Rating

    October 07, 2011 8:16 AM

    Morgan Stanley is out with a research report on Stryker Corporation (NYSE: SYK) and it has an Overweight rating and a $68 price target on shares.

    In a note to clients, Morgan Stanley writes, "We believe the share price will rise relative to the industry over the next 60 days.

    Our 3Q AlphaWise survey of 100+ hospital executives suggests that the current capital environment is not like the 2008/2009 capital credit crunch. The survey results show relative stability in capital equipment growth as spending expectations remain around the highest level in three years, reinforcing our view that Stryker's MedSurg segment growth may prove more sustainable than consensus fears. Stryker is scheduled to announce third quarter results on October 10."

    Shares of SYK gained 19 cents yesterday to close at $47.82, a gain of 0.4%.

 
SYK
94.775-0.015(-0.02%)12:26 PMEST

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