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Fly News Breaks for August 8, 2018
ZBH, SNN
Aug 8, 2018 | 08:55 EDT
As previously reported, UBS analyst Ian Douglas-Pennant downgraded Smith & Nephew to Neutral from Buy and lowered his price target on the stock to 1340p from 1470p. Growth acceleration from S&N's Navio robot hasn't materialized and he now believes his initial assumption of S&N's share of the market was too positive. He also cites the upcoming launch of a competitor from Zimmer Biomet (ZBH).
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