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Zimmer Biomet price target lowered to $110 from $112 at Wells Fargo

Wells Fargo lowered the firm’s price target on Zimmer Biomet to $110 from $112 and keeps an Equal Weight rating on the shares. The firm is updating its model to refelct Zimmer Biomet’s ERP disruption. Wells also lowered its 2024 EPS and revenue estimates.

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