UBS analyst Graham Doyle upgraded Smith & Nephew to Neutral from Sell with a price target of 1,150 GBp, up from 1,040 GBp. The analyst is still expecting a guidance misses for 2023 and 2025. However, after the share price weakness, it looks like investors are too, the analyst tells investors in a research note. The firm cites valuation for the upgrade to Neutral.
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