Inari Medical soars on Stryker acquisition

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BTIG Downgrades Inari Medical Inc. (NARI) to Neutral

January 7, 2025 4:09 PM UTC

BTIG analyst Marie Thibault downgraded Inari Medical Inc. (NASDAQ: NARI) from Buy to Neutral.

The analyst comments "We are downgrading NARI shares to Neutral following the announcement on Monday, January 6 that Stryker (SYK, Buy, $394 PT; Analyst: Zimmerman) entered a definitive agreement to... More

Jefferies Downgrades Inari Medical Inc. (NARI) to Hold

January 7, 2025 11:49 AM UTC

Jefferies analyst Matthew Taylor downgraded Inari Medical Inc. (NASDAQ: NARI) from Buy to Hold with a price target of $80.00 (from $70.00).

The analyst comments "After the market close, SYK announced an agreement to acquire NARI for $80/shr in cash, equating to a fully... More

BofA Securities Reiterates Buy Rating on Stryker (SYK)

January 7, 2025 8:07 AM UTC

BofA Securities analyst Travis Steed reiterated a Buy rating and $450.00 price target on Stryker (NYSE: SYK)

The analyst comments "Inside we include our pro forma deal model. We estimate the EPS dilution in year 1 is only slightly dilutive (around 1-3% dilutive) and... More