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Stock Market & Financial Investment News

News Breaks
August 18, 2014
10:47 EDTZMHZimmer advances following analyst upgrade
Shares of orthopedic device maker Zimmer (ZMH) are climbing after research firm William Blair upgraded the stock in a note to investors earlier today. WHAT'S NEW: William Blair analyst Matthew O'Brien is confident that Zimmer's proposed acquisition of another company in the sector, Biomet, will be approved by regulators, he wrote in a note to investors today. Moreover, he believes that the cost savings from the deal will be at least in-line with the targets set by Zimmer, generating significant accretion for the company. Noting that Zimmer's stock had retreated since the deal was announced, O'Brien wrote that the shares had reached an attractive entry point. He upgraded the stock to Outperform from Market Perform. WHAT'S NOTABLE: On July 28, research firm Oppenheimer upgraded Zimmer to Outperform from Perform, as the firm predicted that the company's acquisition of Biomet would help it generate strong earnings growth beginning next year. PRICE ACTION: In mid-morning trading, Zimmer rose 1.6% to $99.
News For ZMH From The Last 14 Days
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June 30, 2015
16:56 EDTZMHKKR 2006 Fund reports 14.8% stake in Zimmer
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16:39 EDTZMHLVB Acquisition Holding reports 14.8% stake in Zimmer
June 25, 2015
10:00 EDTZMHOn The Fly: Analyst Downgrade Summary
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05:32 EDTZMHZimmer downgraded to Hold from Buy at Brean Capital
Brean Capital downgraded Zimmer to Hold saying uncertainty over 2016 earnings potential following the Biomet acquisition is likely to linger for several quarters. Brean sees little room for multiple expansion pending greater clarity.
June 24, 2015
13:14 EDTZMHZimmer trading resumes, shares up 96c to $113.66
13:11 EDTZMHZimmer Biomet sees 2015 constant currency revenue growth 1.5%-2.0%
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13:09 EDTZMHZimmer announces completion of Biomet acquisition
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13:00 EDTZMHZimmer trading halted, pending news
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11:54 EDTZMHSmith & Nephew to acquire Zimmer Unicondylar Knee system in U.S. market
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11:32 EDTZMHZimmer required by FTC to divest assets as condition of Biomet acquisition
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