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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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May 18, 2015
16:51 EDTZMHBIOLASE CEO Jeffrey Nugent to step down, Harold Flynn appointed CEO
BIOLASE (BIOL) announced that Harold Flynn Jr. will become president and CEO, effective July 13. The current president and CEO Jeffrey Nugent will step down at that time. Since 2007, Flynn has been president of Zimmer Dental, a manufacturer and provider of medical devices for the dental market. Zimmer Dental is a division of Zimmer Holdings (ZMH).
May 14, 2015
13:55 EDTZMHZimmer initiated with an Outperform at Northland
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08:45 EDTZMHZimmer has a conference call hosted by JPMorgan
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