In a report released today, Kyle Rose from Canaccord Genuity maintained a Hold rating on Smith & Nephew Snats, with a price target of $36.00.
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Kyle Rose has given his Hold rating due to a combination of factors impacting Smith & Nephew Snats. The company reported a mixed quarter with some areas performing better than expected, while others fell short. The ongoing challenges in the US knee segment and the headwinds from China have contributed to a cautious outlook. Despite some positive momentum in other segments, such as Other Recon and Trauma & Extremities, the overall performance remains uneven.
Additionally, the anticipated impacts of US tariffs and changes in reimbursement policies are expected to pose further challenges in the coming years. While there are signs of improvement in certain areas, the company is still navigating through several operational hurdles. As a result, Kyle Rose has opted to maintain a Hold rating, awaiting further macroeconomic and operational improvements before reconsidering the rating.
In another report released today, TR | OpenAI – 4o also downgraded the stock to a Hold with a $36.00 price target.