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Friday, Jul 19
Shares of Stryker (SYK +0.3%) are fractionally higher in afternoon trading after starting the...
Shares of Stryker (SYK +0.3%) are fractionally higher in afternoon trading after starting the day in negative territory following Thursday's Q2 report which saw the company cut its full year EPS guidance to $4.20-4.26 from $4.25-4.40 (consensus is $4.29). Barron's highlights a Canaccord note in which analysts reiterate a Buy recommendation based on "above market" growth, market share gains in hip and trauma/extremities, and new leadership. Wunderlich downgraded the shares today to Hold but the firm's price target is still above current levels. (For more: CC transcript)