UBS Maintains a 'Buy' on Stryker (SYK); Seeing the Forest

UBS maintains a 'Buy' on Stryker (NYSE: SYK) price target cut from $65 to $59.

UBS analyst says, "3Q11: good enough - While we did not see 3Q11 as overly inspiring, it seems reasonable to keep the big picture in mind at this point: SYK is growing organic revs in the mid-singles, is looking to drive sustained double-digit EPS growth & showed good SG&A leverage in 3Q11. With stock trading at ~6.6x 2012 EV/EBITDA, we’d argue that while 3Q11 was not stellar, performance was good enough."

For more ratings news on Stryker click here and for the rating history of Stryker click here.

Shares of Stryker closed at $49.41 yesterday.

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