JP Morgan Reiterates Neural, $60 PT on Zimmer Holdings

JP Morgan maintains its Neutral rating and $60 price target on Zimmer Holdings (NYSE: ZMH) as it updates the company's model to reflect today's currency environment.

JP Morgan says, "For 2011, we're lowering our revenue forecast by $6M to $4.44B (+5.1% reported, +2.0% organic). On the bottom line, our EPS forecast of $4.78 (+10.1%) is unchanged. Moving to 2012, we're trimming our sales projection $47M to $4.45B (+0.3%, +1.8%), and we are maintaining our EPS forecast of $5.22 (+9.1%)."

ZMH closed at $53.21 per share on Friday.