Zimmer Biomet Holdings (ZBH) Tops Q2 EPS by 5c; Boosts FY16 Outlook

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Jefferies Raises Price Target on Zimmer Biomet Holdings (ZBH) Following 2Q

July 29, 2016 7:51 AM EDT

Jefferies reiterated a Buy rating on Zimmer Biomet Holdings (NYSE: ZBH), and raised the price target to $150.00 (from $135.00), following the company's 2Q earnings report. GM was down 60bp, though OM was up 160bp as spending in SG&A was down 220bp. ZBH reported an... More