William L. Moore
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William L. Moore in Insider trading,

Smith & Nephew Downgraded By Barclays, Expects Management Transition To Delay Key Initiatives

Barclay’s Alexander Kleban downgraded Smith & Nephew plc (ADR)  from Overweight to Equal-Weight while increasing the company’s price target by 0.81 percent.

Although the analyst believed the company’s transition to a higher growth platform is “underappreciated” by the general market in conjunction with remaining potential upside from M&A, results continue to disappoint.

"Additionally, emerging market headwinds should start to dissipate somewhere in H2 and Wound Devices are set for a late 2016-17 product cycle (Renasys re-launch),” stated Kleban.