Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Merrill Upgrades Zimmer Holdings to 'Buy'

Merrill Lynch upgraded Zimmer Holdings (ZMH) to buy from neutral.

Analyst Katherine Martinelli says Swiss medical-device maker Centerpulse has formally accepted orthopaedic implants maker Zimmer's $3.2 billion acquisition offer, and pieces appear to be in place for the deal to close in October. Martinelli thinks the pending acquisition should position Zimmer to deliver a significant step-up in earnings per share growth. Admittedly, she says top-line comparisons will toughen going forward, and she thinks 2004 will have number of challenges given the integration of Centerpulse.

However, she suspects investors will increasingly focus on Zimmer's earnings per share prospects in 2005 where she now estimates $2.25 earnings per share. Martinelli has a $58 12-month target.

blog comments powered by Disqus