The health problems of aging baby boomers could drive demand for surgical procedures and hospital services in coming years, a boost for Steris, which sells sterilization services for medical devices.
Assuming some recovery in the capital-equipment business, Steris shares could reach $40 in a year, Jason Ronovech, co-manager of Paradigm Value Fund, told Barron's.
Steris shares fell 1.4 percent on Friday to $29.23 on the New York Stock Exchange.
(Reporting by Deepa Seetharaman; Editing by Leslie Adler) Keywords: STERIS/SHARES (firstname.lastname@example.org; +1 646 223-6125; Reuters Messaging: email@example.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.