Goldman Sachs analyst Richard Felton initiated coverage of Smith & Nephew with a Buy rating and 1,400 GBp price target. The analyst sees a clear case for improved performance leading to revenue, EBIT, and EPS CAGR of 5%, 13%, and 15% in FY23-25, which is a meaningful acceleration. The stock has also underperformed since 2019 by over 45% and looks “compelling” at its current valuation, the firm tells investors in a research note.
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Read More on SNN:
- Smith & Nephew price target lowered to 1,500 GBp from 1,600 GBp at RBC Capital
- Smith & Nephew price target lowered to 1,150 GBp from 1,200 GBp at Barclays
- Smith & Nephew upgraded to Overweight from Neutral at JPMorgan
- Smith & Nephew upgraded to Buy from Hold at HSBC
- Smith & Nephew initiated with a Hold at Stifel