Stryker Corp (SYK) Launches Pangea Plating System in Europe, Faces Revised Price Target
Stryker Corporation (NYSE:SYK), a leading medical technology company, launched its Pangea Plating System for bone fractures in the European market on May 26. On June 12, Bank of America Securities lowered SYK's target price from $450 to $380 while maintaining a 'Buy' rating due to reduced utilization levels and conservative forecasts.