Soleil Raises PT on Stryker (SYK) from $82 to $86

April 18, 2008 9:07 AM EDT
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Price: $330.69 +2.66%

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Soleil Securities Group raises its price target on Stryker (NYSE: SYK) from $82 to $86 and maintains a Buy rating.

The firm notes Stryker's Q1 EPS of $0.70 as in-line; Soleil also mentions that Stryker holds about $5.61 per share in cash. Furthermore, Soleil believes Stryker's analyst meeting on May 8 will be upbeat.

Notably, Soleil's $86 price target on Stryker represents potential upside of about 34% from yesterday's closing price of $63.95.

Stryker Corporation, together with its subsidiaries, operates as a medical technology company worldwide. [BCS]

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