Bernstein Maintains Outperform on Smith & Nephew, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Lisa Bedell Clive maintains an Outperform rating on Smith & Nephew (NYSE:SNN) but lowers the price target from $37 to $33.
October 04, 2023 | 10:54 am
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NEGATIVE IMPACT
Smith & Nephew's price target has been lowered from $37 to $33 by Bernstein, though the Outperform rating is maintained.
The lowering of the price target by Bernstein indicates a potential decrease in the short-term value of Smith & Nephew's stock. However, the maintained Outperform rating suggests that the company is still expected to perform well relative to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100