As the market becomes highly focused on monthly trends in an effort to understand whether things are getting better or getting worse, Deutsche Bank says that it is maintaining its Hold rating of Stryker Corporation (NYSE: SYK) and Zimmer Holdings, Inc. (NYSE: ZMH).
“We see some topline risk for Stryker (ortho business) and Zimmer,” Deutsche Bank writes. “We note, however, Stryker did reaffirm it full year overall sales and earnings guidance in early September and commented it was comfortable with Street expectations for 3Q.”
Stryker currently trades for $49.05; Zimmer trades for $51.46.
Medtronic, Inc. (NYSE: MDT [FREE Stock Trend Analysis]), which was also mentioned the report, has been given a Buy rating and currently trades for $33.41.
