UPDATE: Citigroup Raises PT to $60 on Zimmer Holdings on Valuation
Citigroup reiterated its Sell rating on Zimmer Holdings (NYSE: ZMH) but raised its price target from $55 to $60 on higher comparative valuation.
Citigroup noted, "Our target price rises from $55 to $60 on: 1) a higher peer group valuation since our last target price update on July 27 and 2) our higher 2013/2014 EPS forecasts. We continue to believe ZMH should trade at a large discount to its peer groups due to a lack of differentiation in challenged markets."
Zimmer Holdings closed at $63.55 on Friday.
Latest Ratings for ZMH
|Jun 2015||Brean Capital||Downgrades||Buy||Hold|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.