IRA Alert**** Zimmer Biomet upgraded at Piper Sandler citing conservative guidance We have a symbol change here on Zimmer I think... These guys in the past have been a good IRA type name like ISRG or Therm Electron. Zimmer Biomet (NYSE:ZBH) trended higher in the pre-market trading Friday after Piper Sandler upgraded it to Overweight from Neutral, arguing that the orthopedic product manufacturer has issued conservative guidance amid an upbeat joint market. The analyst Matt O'Brien has come out of the 2023 Meeting of the American Academy of Orthopaedic Surgeons with positive remarks from companies and clinicians about the subsector. Based on AAOS feedback, O'Brien expects the global procedural volumes in orthopedics to continue the upward trend throughout 2023 after a "very strong" start in the first two months. "With roughly 70% of sales coming from hip and knee implants, we believe ZBH will be a disproportionate winner from this dynamic," the analyst wrote. Additionally, O'Brien notes that the company has issued conservative revenue guidance for the year," indicating 3% – 5% revenue growth, which, if beaten, could result in "much better EPS results this year." "We anticipate this momentum will carry into '24 as well, which could lead to earnings upside next year, too, pushing the stock even higher from here," the analyst added, raising the price target on the stock to $145 from $135 per share. Risks to the thesis are staffing challenges at hospitals which could hurt procedure volumes and a threat to ZBH's market share if Johnson & Johnson (JNJ) launches its Velys robot over the next few quarters. ZBH Zimmer Biomet Holdings, Inc. $122.350.44(+0.36%) 03/09/23 NYSE |$USD |Pre-Market:$122.81+0.46(+0.38%)
Pfizer's nasal spray migraine therapy Zavzpret wins FDA approval Wonder if a Covid nasal spray will ever come-?
311,000 jobs number<-- Bad jan revised down 13,000 (small)<--meh Unemployment rate goes UP.<-- good Earn fall!<---- good Wekly hours fall<-- good
What is a possible Gummy? What's your thesis for MGNI? Hey that camera company.. ARLO or whatever it was... omg.... I haven't looked yet but I suspect its a prime short candidate too. Gimmee a break Stoney. That crap has all been commoditized. You can buy it Harbor Freight for under $10. Monitoring? Who's gonna use a company no one has ever heard of. Yeah, lets compete with ADT or Ring. .
MGNI IS ONE OF THE LEADERS IN AD TO DIGITAL VAN. THIS NEWS MIGHT BE BAD FOR TTD NOT SURE. CERTAINLY IT'S GOOD FOR MGNI I WOULD THINK--= WELCOME BACK TO THE RALLY!
VZ HONESTLY YOU ARE OFF PREDICTIONS FOR A WHILE! LOL-- NAZ WENT STRAIGHT UP 400 POINTS THE LAST TIME YOU WENT NEG NOW YOU DO IT AGAIN JUST BEFORE THIS RISE.. NOT WISE. JUST KEEP QUIET !YOU ARE SHOOTING YOURSELF IN THE FOOT FOR NO REASON. I'LL GUIDE THE CHILDREN. THANK YOU!
We are going so much lower. Read my posts from last night I explained it to the readers. Nothing but a brief upspike on the way down. You know I'm never wrong Stoney. If we get to yesterdays highs, short the farm.