Berenberg downgraded Smith & Nephew to Hold from Buy with a price target of 1,050 GBp, down from 1,450 GBp. After headwinds in China led to guidance downgrades for 2024 and 2025, the firm is more uncertain about whether there will be a significant improvement in the company’s financials over the next 12 months.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNN:
- Smith & Nephew price target lowered to 1,400 GBp from 1,500 GBp at RBC Capital
- Smith & Nephew price target lowered to 1,170 GBp from 1,205 GBp at Barclays
- Smith & Nephew price target lowered to 1,180 GBp from 1,248 GBp at JPMorgan
- Smith & Nephew Snats Aligns Director Pay with Shares
- Smith & Nephew downgraded to Hold from Buy at Deutsche Bank