Barclays Maintains Underweight on ZimVie, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Matt Miksic maintains an Underweight rating on ZimVie (NASDAQ:ZIMV) and raises the price target from $13 to $16.

March 05, 2024 | 11:44 am
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Barclays maintains an Underweight rating on ZimVie but raises the price target from $13 to $16.
While the increase in price target from $13 to $16 by Barclays indicates a positive adjustment in valuation, the Underweight rating suggests that Barclays analysts still view ZimVie with caution. This mixed signal could lead to neutral short-term price movement as investors weigh the positive price target adjustment against the cautious stance.
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IMPORTANCE 75
RELEVANCE 100