Downgrades Buy Neutral X

SNN Smith & Nephew

UBS

Downgrades Buy Hold X

SNN Smith & Nephew

Berenberg

Downgrades Buy Hold X

SNN Smith & Nephew

Deutsche Bank

Initiated Buy X

SNN Smith & Nephew

Deutsche Bank

Upgrades Neutral Buy X

SNN Smith & Nephew

UBS

Upgrades Underweight Eq Weight X

SNN Smith & Nephew

Barclays

Upgrades Neutral Overweight X

SNN Smith & Nephew

JP Morgan

Upgrades Hold Buy X

SNN Smith & Nephew

HSBC Securities

Upgrades Sell Neutral X

SNN Smith & Nephew

UBS

Downgrades Buy Hold X

SNN Smith & Nephew

HSBC Securities

Upgrades Eq-Weight Overweight X

SNN Smith & Nephew

Morgan Stanley

Initiated Buy X

SNN Smith & Nephew

Citigroup

Downgrades Neutral Sell X

SNN Smith & Nephew

UBS

Initiated Equal-Weight X

SNN Smith & Nephew

Morgan Stanley

Downgrades Buy Hold X

SNN Smith & Nephew

Canaccord Genuity

$40 $32

Initiated Outperform X

SNN Smith & Nephew

RBC Capital Mkts

$1700

Initiated Outperform X

SNN Smith & Nephew

RBC Capital Mkts

Upgrades Neutral Outperform X

SNN Smith & Nephew

Credit Suisse

Upgrades Hold Buy X

SNN Smith & Nephew

Berenberg

Downgrades Outperform Neutral X

SNN Smith & Nephew

Exane BNP Paribas

Downgrades Overweight Neutral X

SNN Smith & Nephew

JP Morgan

Upgrades Eq-Weight Overweight X

SNN Smith & Nephew

Morgan Stanley

Reiterated Buy X

SNN Smith & Nephew

Canaccord Genuity

SNN  Smith & Nephew SNATS, Inc.

Smith & Nephew plc is a medical technology company. The Company is engaged in developing, manufacturing, marketing and selling medical devices and services. Its products and services include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices. The Sports Medicine Joint Repair franchise offers surgeons a range of instruments, technologies and implants necessary to perform minimally invasive surgery of the joints, including the repair of soft tissue injuries and degenerative conditions of the knee, hip and shoulder. The AET franchise offers an array of minimally invasive surgery-enabling systems and devices. The Trauma & Extremities franchise supports healthcare professionals with solutions used by surgeons to stabilize severe fractures, correct bone deformities, treat arthritis and heal soft tissue complications.