SMITH & NEPHEW HITS $100 TARGET $SNN $SYK $MDT
This post was just published on ZYX Buy Change Alert.
SNN hit $100 target yesterday afternoon on rumors that MDT would make a bid. SNN is long from $81.40.
There are more synergies in a buyout by SYK. For this reason SYK may be able to pay a higher price. However a buyout by SYK may raise regulatory concerns.
In a bidding war, buyout price can easily go to $110-120. But there is no guarantee that a transaction will be consummated, there is much higher risk in the stock now compared to when the position was entered. Therefore it is important to take partial profits.… Please click here or the title below to read more.
June 5, 2014