1. Smith & Nephew raised 2025 free cash flow forecast to $800 million. 2. New medium-term targets were also unveiled ahead of Capital Markets Day.
FAQ
Why Bullish?
The increase in the free cash flow forecast suggests strong financial performance. Historically, positive cash flow adjustments correlate with stock price increases.
How important is it?
The raised forecast indicates a significant improvement in financial outlook, likely affecting investor confidence and market perception.
Why Short Term?
The announcement precedes an important event, likely influencing investor sentiment immediately. Market reactions typically occur around such disclosures.