Zimmer Holdings (ZMH) Stays Neutral
July 09, 2010 at 11:57 AM EDT
We recently reiterated our Neutral recommendation on Zimmer Holdings (ZMH) with a target price of $59.0. Zimmer reported first quarter fiscal 2010 earnings per share (EPS) of $1.02, beating the Zacks Consensus Estimate of $1.01 and the year-ago earnings of $0.95. Total revenues increased 7.1% year-over-year to $1,062.8 million. Barring Spine Products (7% decline to $60 million), [...]