Stryker Corp. (SYK) Misses Q3 EPS by 1c; Cuts FY12 Outlook

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Oppenheimer Downgrades Stryker (SYK) to Perform

October 18, 2012 7:26 AM EDT

Oppenheimer downgraded Stryker (NYSE: SYK) from Outperform to Perform, following miss and lower guidance. The firm cut its price target from $59 to $56.

"Last night, SYK lowered guidance for 2012/2013 EPS as mgmt is giving itself more room to make required investments for... More