Brean Murray Carret & Co. Starts Zimmer Holdings (ZMH) at Buy, Stock to Own for 2013

Brean Murray Carret & Co. initiates coverage on Zimmer Holdings (NYSE: ZMH) with a Buy. PT $80.00.

The firm comments, "This is the stock to own for going into 2013, based on Persona, Vivacit‐E hip cups, and Gel‐One (a single‐shot hyalrunic acid), and re‐entry into the power tools space. As important, with a target of $400 million in operational savings by 2016, and an active share buyback plan, management is committing to 8‐12% EPS growth. This takes a lot of the risk out of owning the stock, and we still see upside to 2013 based on the pipeline."

For an analyst ratings summary and ratings history on Zimmer Holdings click here. For more ratings news on Zimmer Holdings click here.

Shares of Zimmer Holdings closed at $66.76 yesterday.

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