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Stryker Facing Promising Setup Next Year, Trading Upside Limited in 2026, RBC Says

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Stryker (SYK) will likely see an acceleration story in 2027, with high single digit growth achievable and over 10% organic growth a possibility, amid an intact capital environment for next year as well as a stable procedure volume scenario, RBC Capital Markets said in a note emailed Thursday.

The investment firm said it caught up with Stryker after "continued headwinds in the peripheral vascular space and orthopedics business" and sees "limited upside" for the rest of 2026, amid an over 19% year to date drop in the company's shares.

This year has become a transition year for Stryker due to the business headwinds as well as impact from the cyberattack from earlier in 2026, the note said.

However, 2027 is "shaping to be an acceleration story," the note said, adding that "further upside is predicated on clear visibility into capital orders and surgery schedules as well as healthy underlying businesses."

RBC reiterated Stryker's outperform rating and $420 price target, citing the company's solid setup for 2027.

Price: $280.93, Change: $-3.83, Percent Change: -1.34%

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Halozyme Therapeutics Plans $1.05 Billion Offering of Convertible Notes

Halozyme Therapeutics (HALO) plans to launch an offering of $1.05 billion of convertible senior notes due 2033, subject to market conditions.Initial purchasers will have a 13-day option to buy up to an additional $150 million of the notes, the company said Wednesday in a statement.Halozyme expects to use part of the proceeds to fund capped call transactions and to enter agreements with holders of its 0.25% convertible notes due 2027 and 1% convertible notes due 2028 to repurchase their notes for cash. The remainder will be used for general corporate purposes.Halozyme shares fell 1.8% in after-hours trading.

$HALO
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Medical Properties Trust Completes Sale of 2 Idaho Hospitals

Medical Properties Trust (MPT) completed the sale of two Idaho hospital properties to affiliates of Intermountain Health for $413 million.The company said Wednesday it received $371 million in cash proceeds for Idaho Falls Community Hospital and Mountain View Hospital with $42 million distributed to minority real-estate owners.The sale represents a gain of about $130 million over the hospitals' gross book value, Medical Properties Trust said.The company expects to use a majority of the proceeds to reduce debt.Medical Properties Trust shares rose 2.1% in after-hours trading.

$MPT
Wire

BCB Bancorp Launches Stock Offering; Identifies Portfolio of Problem Loans; Expects Q3 Net Loss

BCB Bancorp (BCBP) said Wednesday it has launched an underwritten public offering of shares. Net proceeds will be used for general corporate purposes and to support capital, including in connection with the planned disposition of potential problem loans, among other purposes, it said.The company said that the management of its unit BCB Community Bank has identified for sale and started marketing of a portfolio of problem loans.The bank has received indications of interest from potential buyers covering all of the about $210 million principal balance of the problem loans for sale, it said, adding it expects to complete the sales during Q3.In addition, the bank said that during Q3, it plans to transfer about $27 million of commercial real estate loans showing credit weakness to held for sale. The bank also said it started marketing for the potential sale of its business lines focused on cannabis-related clients.The company said it now expects a Q3 provision for credit losses of $112 million to $120 million, and to post a Q3 net loss between $126.2 million and $136.1 million.BCB Bancorp shares were down nearly 8% in after-hours activity.

$BCBP