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