Upgrade Alert for Smith & Nephew (SNN)
Smith & Nephew (NYSE:SNN) was upgraded from Hold to Buy at Jefferies today. The stock closed yesterday at $34.04 on volume of 371,000 shares, above average daily volume of 302,000.
There is potential upside of 17.1% for shares of Smith & Nephew based on a current price of $34.04 and an average consensus analyst price target of $39.88. The stock should hit resistance at its 200-day moving average (MA) of $34.17, as well as support at its 50-day MA of $33.33.
Smith & Nephew plc develops and markets advanced medical devices. The Group is involved in orthopaedics, endoscopy, and advanced wound management.
In the past 52 weeks, shares of Smith & Nephew have traded between a low of $30.23 and a high of $37.84 and closed yesterday at $34.04, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Smith & Nephew and will alert subscribers who have SNN in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades smith & nephew