Oppenheimer analyst Steven Lichtman lowered the firm’s price target on Zimmer Biomet to $145 from $155 and keeps an Outperform rating on the shares. The firm notes Q2 sales of $1.942B were ahead of its/Street’s led by better-than-expected ROSA robot sales. Knees were ahead on better international, Hips were slightly below, Oppenheimer adds. SG&A leverage offset the lower gross margin leading to in-line op income.
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