UBS downgraded Smith & Nephew to Neutral from Buy with an unchanged price target of 1,250 GBp. The company’s near-term earnings momentum looks limited, and shares have re-rated, which warrants a “pause,” the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNN:
- Smith & Nephew Announces Vesting of Share Awards Under Global Share Plan 2020
- Smith & Nephew Reports Strong Financial Growth and Strategic Advancements in 2024
- Smith & Nephew Releases 2024 Annual Report and AGM Notice
- Smith & Nephew price target raised to 1,100 GBp from 1,050 GBp at Berenberg
- Smith & Nephew opens door to break-up in response to activist, The Times says
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue