Stryker price target raised to $367 from $319 at Baird

Baird analyst Jeff Johnson raised the firm’s price target on Stryker to $367 from $319 and keeps an Outperform rating on the shares. The firm noted they reported a strong quarter and also out-performed initial guidance by a couple/few points each of the past two years and since they are still in the early stages of numerous new product launches, Baird expects another strong year in 2024.