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Kaufman Bros. is starting coverage on medical device firm Stryker (SYK) with a Buy and $57 PT,...

Kaufman Bros. is starting coverage on medical device firm Stryker (SYK) with a Buy and $57 PT, believing its strong cash flow will allow it to conduct acquisitions and buybacks. Kaufman is also positive on the growth outlook for both Stryker's orthopedic implant and surgical equipment businesses. Citi is concurrently upgrading Stryker to Buy.
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