BTIG lowered the firm’s price target on Zimmer Biomet (ZBH) to $112 from $122 and keeps a Buy rating on the shares following disappointing Q3 results. The firm notes that relative to peers, Zimmer Knee growth fell below Stryker (SYK) but above Johnson & Johnson (JNJ) while Hips were softest among the 3. There is no way to spin it, results were disappointing relative to expectations as Zimmer came off a strong Q2 and into the print investor enthusiasm was growing from an easier comp and new product launches, says BTIG.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZBH:
- Morning Movers: Sleep Number, Pinterest plummet after earnings
- Zimmer Biomet reports Q3 adjusted EPS $1.90, consensus $1.86
- Zimmer Biomet backs FY25 adjusted EPS view $8.10-$8.30, consensus $8.14
- Zimmer Biomet price target lowered to $105 from $112 at Barclays
- Notable companies reporting before tomorrow’s open