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Stryker Stock In Focus As Truist Says CEO Transition Is Low-Risk, Cuts Price Target To $310
Stocktwits ·
Stocktwits reports: Stryker Corp. (SYK) stock was in focus on Tuesday after Truist lowered its price target on the shares to $310 from $340 while maintaining a 'Hold' rating. According to TheFly, the analyst said the planned CEO transition is expected to be low-risk, while management commentary from September investor conferences prompted lower revenue and earnings per share (EPS) forecasts. SYK shares were trading 1% lower at the time of writing on Tuesday. Stryker Announces Planned…