Truist analyst Richard Newitter raised the firm’s price target on Zimmer Biomet to $137 from $135 and keeps a Hold rating on the shares. The company delivered a "solid" Q4, and investor focus should now turn to out-year earnings growth potential, the analyst tells investors in a research note. The firm adds that it has increasing confidence in Zimmer Biomet’s top-line story given improving hip/knee market trends and the numerous positive mix opportunities that should help revenue growth to accelerate in 2023 and beyond.
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- Zimmer Biomet price target raised to $145 from $133 at Baird
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