Citi Maintains Hold on Zimmer Holdings

Citi is out with its report today on Zimmer Holdings ZMH, maintaining Hold. In its report, Citi writes, "We rate Zimmer Holdings Hold/Medium Risk. Fundamentals underlying the recon industry remain weak with the current economic environment causing a delay in some procedures. While Zimmer lost market share in 2009 and 2010, we expect share losses to bottom in 2011 and beyond as the company stabilizes its customer base and begins to 'retool' its product offerings." Citi maintains a $69 PT on ZMH. At the time of posting, shares of ZMH were trading at $55.49, down 0.16% from Monday's close.