Zacks maintains “neutral” rating for Zimmer post-Biomet acquisition

Zacks Equity Research released a new report on Zimmer post-Biomet acquisition.

Advertisement

Zacks believes the $13.35 billion acquisition will make the company a market leader in the musculoskeletal industry, improving the merged entity’s position. The market is competitive.

 

But the report also finds pricing pressure and currency headwinds could be threats in the future.

 

“Zimmer is on its way to achieve market growth based on its strong portfolio and ageing demographics,” according to the report. Zimmer plans to continue global restructuring to streamline it’s business, and Zacks has decided to maintain its “neutral” recommedation for the company.

 

More articles on devices:

Amedica’s 2Q financial report: 5 key takeways
University of New Mexico names Dr. Anthony Yeung 2014 Distinguished Alumni Award
LDR 2Q revenue up 30.7%, new strategic investments revealed: 11 things to know

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.