1007 GMT - Smith & Nephew is expected to miss 2023 and 2025 margin guides as they imply record levels of margin expansion, UBS analysts say in a note. UBS raises its stock rating to neutral from sell, and its target price to 1,150 pence from 1,040 pence. Barclays initiates the stock with an overweight rating and a 3,830 pence price target. "We think the results will be supportive for the shares," UBS analysts say in a note. RBC retains its sector perform rating on the stock and 155 pence price target.

Source: Wall Street Journal August 08, 2023 11:41 UTC