Market Overview

UPDATE: Stifel Nicolaus Initiates Sirona Dental Systems at Buy on Growth Outlook

Related SIRO
UPDATE: Credit Suisse Reiterates On Sirona Dental Systems Following F4Q14 Earnings
Earnings Scheduled For November 21, 2014

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

DateFirmActionFromTo
Dec 2014Credit SuisseMaintainsOutperform
Sep 2014BairdUpgradesNeutralOutperform
Jun 2014JefferiesMaintainsBuy

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

 

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