Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Stryker Gets Price Target Hikes By Analysts Following Upbeat Q1 Results

Published 02/05/2023, 13:08
Updated 02/05/2023, 14:10
© Reuters. Stryker Gets Price Target Hikes By Analysts Following Upbeat Q1 Results

Benzinga - Stryker Corporation (NYSE: SYK) reported better-than-expected earnings for its first quarter and increased its full-year profit outlook.

Stryker posted adjusted earnings of $2.14 per share, beating market expectations of $2.00 per share. The company’s quarterly sales came in at $4.80 billion versus estimates of $4.56 billion.

Stryker said it sees FY23 adjusted EPS of $10.05-$10.25.

Stryker shares dropped 4.6% to $286.00 in pre-market trading.

These analysts made changes to their price targets on Stryker following earnings announcement.

  • Barclays raised the price target on Stryker from $314 to $321. Barclays analyst Matt Miksic maintained an Overweight rating.
  • Wells Fargo raised the price target on Stryker from $285 to $336. Wells Fargo analyst Larry Biegelsen maintained an Overweight rating
  • Baird increased the price target on Stryker from $287 to $315. Baird analyst Jeff Johnson maintained the stock with an Outperform.
  • Canaccord Genuity boosted price target on Stryker from $250 to $295. Canaccord Genuity analyst Kyle Rose maintained a Hold rating on the stock.
  • Piper Sandler raised price target on Stryker from $280 to $310. Piper Sandler analyst Matt O'Brien maintained the stock with an Overweight rating.

Now Read This: S&P Edges Lower Ahead of Fed's Decision; Market Volatility Increases

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.