Goldman Sachs Lifts Numbers On Stryker (SYK)
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Price: $329.45 +0.53%
Rating Summary:
33 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
33 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised estimates and their price target on Buy-rated Stryker (NYSE: SYK) from $53 to $57 after the company's new restructuring program.
The firm raised 2012-2015 EPS estimates as the program will reduce operating costs by over $100 million annually starting in 2013, most notably in the workforce expenses.
The initiative is expected to stem the impact of the Med Tech tax, and end market weakness. The move is expected to support double-digit EPS growth.
For an analyst ratings summary and ratings history on Stryker click here. For more ratings news on Stryker click here.
Shares of Stryker closed at $48.27 yesterday.
The firm raised 2012-2015 EPS estimates as the program will reduce operating costs by over $100 million annually starting in 2013, most notably in the workforce expenses.
The initiative is expected to stem the impact of the Med Tech tax, and end market weakness. The move is expected to support double-digit EPS growth.
For an analyst ratings summary and ratings history on Stryker click here. For more ratings news on Stryker click here.
Shares of Stryker closed at $48.27 yesterday.
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