Smith & Nephew has the potential to pop next year, says leading US investment bank
Portfolio Pulse from
JP Morgan has reiterated its 'overweight' recommendation for Smith & Nephew, highlighting the company's undervaluation and potential for significant re-rating. Despite challenges in the European medtech sector, Smith & Nephew is seen as a promising recovery prospect.
December 03, 2024 | 12:00 pm
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JP Morgan has reiterated its 'overweight' recommendation for Smith & Nephew, highlighting the company's undervaluation and potential for significant re-rating. Despite challenges in the European medtech sector, Smith & Nephew is seen as a promising recovery prospect.
JP Morgan's 'overweight' rating suggests confidence in Smith & Nephew's stock performance. The mention of undervaluation and potential for re-rating indicates a positive outlook, likely leading to a short-term price increase. The focus on recovery prospects amidst sector challenges further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100