UPDATE: Cantor Fitzgerald Initiates Coverage on Sirona Dental Systems
According to a research report published this morning, Cantor Fitzgerald has initiated Sirona Dental Systems (NASDAQ: SIRO) with a Buy rating and $57.
Cantor Fitzgerald commented, "Sirona is global leader in the fast-growing and under-penetrated CAD/CAM services and dental imaging markets, but at 12x CY 2013E EPS, it trades at a discount to the dental equipment and mid-cap medtech peers' average of 14x. When we consider the stock's valuation through the lens of the company's longterm growth profile rather than through nearer-term risk factors, we believe the stock offers an extremely compelling value at these levels."
Sirona Dental Systems closed yesterday at $43.01.
Latest Ratings for SIRO
|Sep 2015||William Blair||Upgrades||Outperform|
|Sep 2015||Stephens & Co.||Downgrades|
|Sep 2015||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.