Barclays Maintains Underweight Rating for ZimVie: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for ZimVie (NASDAQ:ZIMV) and increased its price target from $7.00 to $11.00. ZimVie shares are currently trading down 5.7% at $12.15 per share. A move to $11.00 would represent a 9.5% decline from the current share price.
August 08, 2023 | 5:00 pm
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Barclays has maintained its Underweight rating for ZimVie and raised its price target. This could potentially lead to a decrease in ZimVie's stock price.
Barclays' decision to maintain an Underweight rating suggests that they believe ZimVie's stock is overvalued. This, combined with the fact that ZimVie's shares are currently trading above Barclays' price target, could lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100