Stryker (NYSE:SYK) EPS Growth Rate Estimate Boosted by Soleil

Stryker Corp. (NYSE:SYK) had its EPS estimates raised by Soleil, with overall growth rates for the next three to five years projected to reach an average of 15 percent; an increase over the previous estimate of 13 percent.

Consequently Soleil is raising their full year EPS estimates for 2010 and 2011 to $3.30 and $3.77 to $3.33 and $3.92.

In the fourth quarter Stryker repurchased 6.1 million share at $51.50 a share, or $314 million.

Soleil Securities maintains their "Buy" rating on Stryker, which closed Tuesday at $58.00, gaining $3.30, or 6.03 percent. Soleil boosted their price target on them from $71 to $84.