RBC Capital analyst Shagun Singh raised the firm’s price target on Stryker to $288 from $284 and keeps an Outperform rating on the shares. The analyst cites the company’s Q4 earnings beat and expectation that its strong business momentum will continue into 2023 thanks to a strong order book and "super cycle" of new products. The firm also raises its FY23 EPS view to $10.05 from $9.96 and FY24 view by 10c to $11.18.
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