RBC Capital Raises Price Target on Smith & Nephew (SNN) Ahead of Capital Markets Day

Core Insights - Smith & Nephew plc (NYSE:SNN) is recognized as one of the best dividend stocks in the FTSE, highlighting its strong position in the market [1][5] - RBC Capital has raised its price target for Smith & Nephew from GBP 1,400 to GBP 1,700, maintaining an Outperform rating ahead of the company's Capital Markets Day [2][4] Financial Guidance - RBC anticipates that Smith & Nephew will provide guidance for a 5-6% revenue compound annual growth rate (CAGR) and a 2-3 percentage point EBIT margin expansion through 2028 during the upcoming Capital Markets Day [3] - The guidance is expected to be positively received by investors, indicating potential upside to current consensus estimates [4] Dividend Policy - Smith & Nephew has a progressive dividend policy and has consistently paid dividends since 1937, with a current dividend yield of 2.11% as of October 29 [5]