Evercore ISI lowered the firm’s price target on Stryker (SYK) to $390 from $405 and keeps an Outperform rating on the shares. Recovering end markets and sector rotation have “set the stage for a 2026 Tools play,” the analyst tells investors. In MedTech, the firm’s survey work points to healthy procedure and CapEx trends into 2026 and early recovery signs in China support the group, but sector rotation and potential ACA and Medicare changes “have bears watching,” the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SYK:
- Circle Internet initiated, Lyft downgraded: Wall Street’s top analyst calls
- Stryker upgraded to Outperform from Market Perform at Citizens
- Stryker price target lowered to $392 from $400 at Truist
- Stryker raises quarterly dividend to 88c per share
- Stryker price target lowered to $420 from $455 at Citi