Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Zimmer Holdings

Related ZMH
Benzinga's Top Downgrades
Jefferies Downgrades Zimmer Holdings To Hold
Zimmer to Divest Assets to Meet Biomet Closing Conditions - Analyst Blog (Zacks)

In a report published Friday, Deutsche Bank reiterated its Hold rating on Zimmer Holdings (NYSE: ZMH), and raised its price target from $74.00 to $78.00.

Deutsche Bank noted, “Largely as expected; 2013 is all about execution - Zimmer 4Q12 sales of $1,181M were slightly above First Call ($1,173M). Trends in the US improve, while Europe weakened. Net/net, the global market looks reasonably stable. EPS beat FC/DB by $0.02 which relative to our model was on lower R&D and taxes. Initial 2013 EPS guidance bracketed Consensus. Constant currency sales growth guidance implies acceleration from reflecting Zimmer's confidence in its new products (mainly the new Persona knee) and its execution. No change to our investment rating. We maintain our Hold rating, though we are increasing our PT to reflect slightly more optimism around market trends.”

Zimmer Holdings closed on Thursday at $74.60.

Latest Ratings for ZMH

May 2015JefferiesMaintainsBuy
May 2015BarclaysMaintainsOverweight
Mar 2015JefferiesDowngradesBuyHold

View More Analyst Ratings for ZMH
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (ZMH)

Around the Web, We're Loving...

Get Benzinga's Newsletters