Jefferies Maintains a 'Hold' on Stryker (SYK); Medtech Debate at Analyst Meeting

Jefferies maintains a 'Hold' on Stryker (NYSE: SYK) price target of $54.00.

Analyst, Raj Denhoy, said, "Stryker’s analyst meeting was in part an illustration of the debate in large cap medtech: with growth slowing, is the best use of cash to increase shareholder value through investment or simply returning it in increasingly larger chunks to holders? Stryker remains in the camp that there are brighter days ahead and investment is still its preferred use. We remain less optimistic on growth picking up appreciably and remain at Hold."

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 $54.19 yesterday.

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