Deutsche Bank Takes First Look At Zimmer Holdings Q4 2010, 2011 Guidance (ZMH)

Deutsche Bank took a first look at Zimmer Holdings ZMH Q4 2010 and 2011 guidance in a research report published today. In the report, Deutsch Bank states, "4Q10 sales and EPS better than expected. 2011 sales guidance looks in line with Consensus and EPS guidance brackets Consensus BUT it's only because the newly announced restructuring program helps get them there. We think it's a very back end loaded year and EPS quality a little low. Restructuring likely to be viewed as positive." Deutsche Bank's Zimmer Holdings $60 price target and Hold rating remain unchanged. Shares of Zimmer Holdings were trading at $59.61 at the time of post, up 7.83% from Wednesday's market close.