Barclays Maintains Underweight on ZimVie, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic has maintained an Underweight rating on ZimVie (NASDAQ:ZIMV) but increased the price target from $11 to $13.
January 04, 2024 | 1:24 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Barclays analyst Matt Miksic maintains an Underweight rating on ZimVie but raises the price target from $11 to $13.
While the Underweight rating suggests that Barclays has a cautious view on ZimVie's stock, the increase in the price target from $11 to $13 indicates a slightly more positive outlook on the company's valuation. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the unchanged rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100