Stryker price target raised to $290 from $245 at Loop Capital

Loop Capital analyst Jason Wittes raised the firm’s price target on Stryker to $290 from $245 and keeps a Buy rating on the shares. The company’s Q4 earnings and revenue topped expectations amid robust topline growth, though this was partially offset by negative currency headwinds and high inflationary pressure, the analyst tells investors in a research note. The firm "sees only upside" in the stock, though macro concerns do remain, Loop Capital added.