Standpoint Research Upgrades Zimmer Holdings (ZMH) to Buy; Headwinds Should Be More Than Offset By Solid Pipeline, New Products & Cost Cutting

Standpoint Research upgraded Zimmer Holdings (NYSE: ZMH) from Hold to Buy with a price target of $65.00.

Standpoint analyst, Ronnie Moas, said, "ZMH has dropped by > $11 (18%) since our April 27, 2011 downgrade and can be reinstated at this time. The shares are once again attractive and trading at < 10X estimates for next year."

"This is a low-beta recommendation – so, one concern for portfolio managers who are already holding on to a low-beta portfolio is that this name may rise but under-perform the market if there is a market rebound. ZMH is not immune to what is going on in the deteriotrating economy. That being said, it is not as levered as most consumer discretionary names either."

For more ratings news on Zimmer Holdings click here and for the rating history of Zimmer Holdings click here.

Shares of Zimmer Holdings closed at $50.47 yesterday.

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