JMP keeps Stryker at market perform

Stryker Corp. was maintained at market perform by JMP Securities analyst Robert C. Faulkner on news of uncertainty surrounding the launch of OP-1. The analyst, in his estimates, pushed back the launch from the third-quarter 2007 to the first-quarter 2008, resulting in a $23 million impact in 2007, an $85 million impact in 2008, a $20 million impact in 2009 and an impact of $16 million in 2010. Shares of the Kalamazoo, Mich.-based orthopedics product company were up 93 cents, or 2.15%, at $44.13 on volume of 3,212,500 shares versus the three-month running average of 1,603,770 shares. (NYSE: SYK)

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