Deutsche Bank Maintains Hold on Stryker

Deutsche Bank is out with its report today on Stryker (NYSE: SYK), maintaining Hold.

In a note to clients, Deutsche Bank writes, "Hill-Rom (NYSE: HRC) hosted an investor day on Tuesday providing its long-range plan and views on the market HRC competes with Stryker's Medical franchise (8% of total sales), which manufactures beds, bed frames, stretchers, and patient handling devices for acute and specialty care facilities. We estimate SYK is No. 2 in share behind HRC. HRC commented it expected the overall bed market sales growth in the low-tomid single digits, consistent with the current environment. Nothing changed our view as it relates to SYK shares (we rate Hold)."

Deutsche Bank maintains a $61 PT on SYK.

Shares of SYK closed Tuesday at $62.74, down 0.49% from Monday's close.