Jefferies raised the firm’s price target on Smiths Group to 2,040 GBp from 1,980 GBp and keeps a Buy rating on the shares after raising the firm’s FY23 OCC sales growth assumption to 9% from 7%, resulting in a 9% FY23 EPS upgrade, and also raising its FY24 and FY25 EPS forecasts by 10% and 8%, respectively, on higher EBITA estimates and a lower assumed tax charge.
Published first on TheFly
