
Nov 5, 2026
Smith & Nephew guidance cut and weak wound care sales point to share fall, says Jefferies
Jefferies, the investment bank, expects shares in Smith & Nephew PLC to experience a short-term fall following weaker-than-expected third-quarter sales and a cut to the company's full-year guidance. The medical devices group reduced its organic sales growth guidance to about 3% from 4% and trading profit guidance to about $1.25 billion from $1.3 billion. Despite the expected short-term dip, Jefferies maintains a 'buy' rating and a 1,500p price target for the stock.
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