Goldman Sachs Downgrades Smith & Nephew (SNN) to Neutral

March 9, 2012 11:56 AM EST
Get Alerts SNN Hot Sheet
Price: $29.22 -1.35%

Rating Summary:
    9 Buy, 13 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 10 | New: 18
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Goldman Sachs downgraded Smith & Nephew (NYSE: SNN) earlier from Buy to Neutral with an £ 710 price target (down from 740), which offers 14% upside.

The firm said they see better opportunities elsewhere in the sector including Nobel Biocare, which was added to the firm's Conviction Buy List, and Straumann, which was upgraded from Sell to Buy.

For an analyst ratings summary and ratings history on Smith & Nephew click here. For more ratings news on Smith & Nephew click here.

Shares of Smith & Nephew closed at $49.60 yesterday.


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