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Smith & Nephew (SN) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Fri Mar 6, 12:38AM CST

Goldman Sachs analyst Richard Felton reiterated a Buy rating on Smith & Nephew yesterday and set a price target of p1,700.00. The company’s shares closed yesterday at p1,336.00.

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According to TipRanks, Felton is a 3-star analyst with an average return of 4.7% and a 55.46% success rate. Felton covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care AG & Co. KGaA, Fresenius SE & Co. KGaA, and GN Store Nord.

In addition to Goldman Sachs, Smith & Nephew also received a Buy from Bank of America Securities’s Julien Ouaddour in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Smith & Nephew (LSE: SN).

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Based on Smith & Nephew’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p3.31 billion and a net profit of p342.47 million. In comparison, last year the company earned a revenue of p2.98 billion and had a net profit of p198 million

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