Smith & Nephew falls after US peer lowers annual profit forecast

** Shares of British medical products maker Smith & Nephew SN.L down 2.5% at 1,093p, after US peer Stryker's earnings

** Stryker SYK.N lowered its annual profit forecast, below market expectations on Thursday

** Analysts at Panmure Liberum points to a negative read across saying that SYK's results not helpful for SN, while assuming continued pressure on hips and knees market in Q3

** SYK's results increase risk of a Q3 miss for SN, and it might have to step away from its mid-term guidance, analysts say

** Smith & Nephew Q3 trading update due next week

** YTD, SN down 12%