Truist Securities Maintains Hold on Stryker, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Richard Newitter has maintained a Hold rating on Stryker (NYSE:SYK) and increased the price target from $300 to $320.
December 22, 2023 | 3:11 pm
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Truist Securities analyst Richard Newitter maintains a Hold rating on Stryker but raises the price target from $300 to $320, indicating a positive outlook on the stock's value.
The increase in price target from $300 to $320 by Truist Securities suggests a positive reassessment of Stryker's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum beyond the new target in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100