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UPDATE: Citigroup Raises PT to $60 on Zimmer Holdings on Valuation

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Brean Capital Cashes Out Of Zimmer Holdings, Downgrades Stock On 'Uncertainty'
Benzinga's Top Downgrades

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

DateFirmActionFromTo
Jun 2015Brean CapitalDowngradesBuyHold
May 2015JefferiesMaintainsBuy
May 2015BarclaysMaintainsOverweight

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Posted-In: CitigroupAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

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