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Stryker Corporation (SYK) Gains Strength From Procedure Volumes and Capital Equipment Backlog
Stryker Corporation (SYK) is showing strength due to high procedure volumes and a significant capital equipment demand backlog, as highlighted by recent analyst upgrades. Barclays raised its price target to $469 with an Overweight rating, while Needham reiterated a Buy rating and increased its price target to $454, both recognizing the company’s strong performance across its MedSurg, Neurotechnology, and Orthopaedic segments. The company’s innovative medical technology solutions are driving its positive outlook.