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UPDATE: Morgan Stanley Raises Price Target on Sirona Dental Systems to $54

According to Morgan Stanley, Sirona Dental Systems (NASDAQ: SIRO) price target is raised to $54.

Morgan Stanley said that Sirona delivered 10% growth on a 16% comp despite macro pressure, supporting our view that guidance is conservative. “We raise our target price to $54 from $49 and expect guidance increases in '12 to highlight acceleration into '13.”

Sirona Dental Systems closed on Friday at $47.94.

Posted-In: Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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