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Research Alert: CFRA Lowers Opinion On Adss Of Smith & Nephew To Hold From Buy
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Research Alert: CFRA Lowers Opinion On Adss Of Smith & Nephew To Hold From Buy
Sep 18, 2025 5:55 AM

08:35 AM EDT, 09/18/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our opinion to 3-STARS (Hold) as we believe the recent 31% rally over the past three months leaves the valuation looking fair. While we remain constructive on the company's 12-Point Plan, which has shown encouraging progress, we view the risk-reward as more balanced at current levels, with much of the near-term upside from execution progress already reflected in the valuation. We keep our target price at USD40, which implies 20x our 2025 EPADS estimate. This is broadly in line with the comparable peer average but above its three-year historical forward P/E of 15.3x, justified in our view by the anticipated recovery from the realization of the 12-Point Plan. Our EPADS estimates remain unchanged. Going forward, we expect growth to be supported by new product launches and productivity improvements from its 12-Point Plan.

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