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UPDATE: Stifel Nicolaus Initiates DENTSPLY International at Holdon Generic Implant Risk

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Stifel Nicolaus initiated coverage on DENTSPLY International (NASDAQ: XRAY) with a Hold rating.

Stifel Nicolaus noted, "Diligence points to concerns in the dental implant market, a potential for moderating growth in endodontics, and doctor checks that reveal slightly deteriorating U.S. dental patient volume. Collectively, the implant and endodontic specialty divisions as well as the consumables businesses (preventives and restoratives) account for approximately 70% of DENTSPLY's total revenue (x-precious metals). Despite the stock's current NTM P/E multiple, which reflects a slight discount to its historical average, our work in these various business units keeps us on the sidelines."

DENTSPLY International closed at $39.66 on Wednesday.

Latest Ratings for XRAY

DateFirmActionFromTo
Dec 2016Barrington ResearchUpgradesMarket PerformOutperform
Nov 2016Morgan StanleyUpgradesEqual-WeightOverweight
Sep 2016JP MorganInitiates Coverage onNeutral

View More Analyst Ratings for XRAY
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Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

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