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Enter Symbol:
 
Zimmer Holdings, Inc. (ZBH) [hlAlert]

Rating:
Hold ZMH
up 19.12 %

Zimmer Holdings, Inc. (ZMH) downgraded to Hold with price target $56 by Citigroup

Posted on: Friday,  Oct 9, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold Zimmer Holdings, Inc. (NYSE: ZBH) on 10/09/2009. Previously Citigroup rated Buy Zimmer Holdings, Inc. (NYSE: ZBH) on 04/20/2009.,
when the stock price was $42.98. Since then, Zimmer Holdings, Inc. has gained 19.13% as of 10/09/2009's recent price of $51.20.
If you would have followed the previous Citigroup's recommendation on ZBH, you would have gained 19.12% of your investment in 172 days.

Zimmer Holdings, Inc. (Zimmer) designs, develops, manufactures and markets orthopaedic and dental reconstructive implants, spinal implants, trauma products and related surgical products. The Company also provides other healthcare related services. Its primary customers include musculoskeletal surgeons, neurosurgeons, oral surgeons, dentists, hospitals, stocking distributors, healthcare dealers and, in their capacity as agents, healthcare purchasing organizations or buying groups. These customers range from large multinational enterprises to independent surgeons. It has operations in more than 25 countries and market products in more than 100 countries. In October 2008, the Company acquired Abbott Spine. It markets and sells products through three channels: direct to healthcare institutions, such as hospitals or direct channel accounts; through stocking distributors and, in the Asia Pacific region, healthcare dealers, and directly to dental practices and dental laboratories.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/9/2009 8:25 AM Hold
None
51.20 56.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/20/2009 8:25 AM Buy
None
42.98

(*) Stock Price at the time of the recommendation.
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