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Citi Upgrades Smith & Nephew (SNN) to Buy

Citi upgrades Smith & Nephew (NYSE: SNN) from Hold to Buy, saying core business areas have remained relatively immune to economic pressure.

Citi analyst says, “Q4 results provided reassurance that core business areas have remained relatively immune to economic pressure and that steps are already in place to control costs in those divisions more exposed to the economy, namely endoscopy…”

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