KeyBanc analyst Matthew Mishan initiated coverage of Stryker with a Sector Weight rating and no price target. The company is a proxy for "high-quality MedTech," but its valuation reflects an above-average growth rate with some risk of mean reversion over time, the analyst tells investors in a research note. The firm sees Stryker’s size, competition, and the macro environment as potential limiting factors for upside to its long-term organic growth.
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