Stryker Bull Expects Upside For Medtech Stock In '24, Ortho To Be 'Higher For Longer'
Portfolio Pulse from Priya Nigam
Shares of Stryker Corp (NYSE:SYK) continued to rise after ending last week with gains. BofA Securities is optimistic about the company's margins and sees an opportunity for upside in 2024. Analyst Travis Steed upgraded Stryker from Neutral to Buy and raised the price target from $310 to $315. The company has several product launches planned which could boost its revenue growth by 100-200 basis points.
September 05, 2023 | 5:03 pm
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Stryker Corp's stock is on the rise and BofA Securities sees potential for further growth. The company's planned product launches could significantly boost its revenue.
The stock of Stryker Corp is rising and is expected to continue this trend due to the company's optimistic outlook on margins and planned product launches. BofA Securities has upgraded the company's rating from Neutral to Buy and raised the price target, indicating a positive outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100