BMO reiterates Zimmer Biomet stock rating on Japan hip implant opportunity
BMO Capital reiterated a Market Perform rating and $96 price target for Zimmer Biomet (ZBH) due to its iodine-coated hip implant opportunity in Japan, estimating a $72M steady-state opportunity. ZBH shares trade at $91.05, below the target. The company reported strong Q2 2026 earnings, exceeding expectations, with adjusted EPS of $2.07 and revenue of $2.18B. The firm's U.S. salesforce overhaul is progressing well, contributing to its positive outlook.
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