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

According to Morgan Stanley, Sirona Dental Systems

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.