BTIG lowered the firm’s price target on Stryker (SYK) to $379 from $397 and keeps a Buy rating on the shares. The company’s Q1 revenue came in below consensus as an international cybersecurity incident hampered results, deferring procedures and capital order fulfillment, but the management expects to recoup all of its lost sales through the remainder of the year, the analyst tells investors in a research note.
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Read More on SYK:
- Stryker price target lowered to $315 from $402 at Deutsche Bank
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