UPDATE: Stifel Nicolaus Initiates Sirona Dental Systems at Buy on Growth Outlook
Stifel Nicolaus initiated coverage on Sirona Dental Systems (NASDAQ: SIRO) with a Buy rating and a $68 price target.
Stifel Nicolaus said, "Diligence uncovers early traction from the company's new Omnicam offering, expectations for a stable intra-oral imaging market, and a large untapped opportunity in 3D imaging. Sirona has a clear leadership position in the attractive, growing digital dental market and is on the cusp of a new product cycle. As a result, we believe the company is poised to continue growing revenue faster than the underlying dental market. We model accelerating EBITDA growth in FY13 and FY14 and initiate with a Buy rating."
Sirona Dental Systems closed at $58.70 on Wednesday.
Latest Ratings for SIRO
|Sep 2015||William Blair||Upgrades||Outperform|
|Sep 2015||Stephens & Co.||Downgrades|
|Sep 2015||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.