Piper Sandler analyst Matt O’Brien raised the firm’s price target on Zimmer Biomet to $135 from $130 and keeps a Neutral rating on the shares. Zimmer Biomet reported Q4 results that beat expectations on the top- and bottom lines, and 2023 revenue and EPS guidance appears conservative, translating into a good setup for this year, the analyst tells investors in a research note. Upside to numbers for the year likely exists, but the firm prefers other large cap names.
Published first on TheFly
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Read More on ZBH:
- Zimmer Biomet sees FY23 adjusted EPS $6.95-$7.15, consensus $6.98
- Zimmer Biomet reports Q4 EPS $1.88, consensus $1.83
- Zimmer Biomet Announces Fourth Quarter and Full-Year 2022 Financial Results
- Increasing Medical Issues Bode Well for Zimmer Biomet Stock (NYSE:ZBH)
- Zimmer Biomet upgraded to Outperform from Sector Perform at RBC Capital
