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Fly News Breaks for June 8, 2016
NUVA, SYK, LDRH, ZBH
Jun 8, 2016 | 07:40 EDT
After Zimmer (ZBH) agreed to buy LDR Holding (LDRH), RBC Capital says that the deal gives Zimmer access to cervical disc replacement, one of the fastest growing segments of spine. The firm says that the deal puts Zimmer "within striking distance" of Stryker (SYK) and NuVasive (NUVA) in terms of spine market share. RBC keeps a $132 price target and Outperform rating on Zimmer.
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