Canaccord Genuity Upgrades Stryker to Buy, Announces $360 Price Target
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kyle Rose has upgraded Stryker (NYSE:SYK) from Hold to Buy and set a price target of $360.
January 31, 2024 | 2:50 pm
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Stryker has been upgraded by Canaccord Genuity from Hold to Buy with a new price target of $360, indicating a positive outlook on the stock.
Upgrades by analysts, especially from Hold to Buy, typically suggest a bullish view on the stock's future performance and can lead to increased investor confidence and a potential rise in the stock price in the short term. The announcement of a $360 price target further emphasizes the analyst's positive outlook, which could influence market sentiment and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100