Loading...
Loading...
In a report published Monday, Jefferies & Company reiterated its Buy rating on Sirona Dental Systems
SIRO, and raised its price target from $57.00 to $71.00.
Jefferies noted, “The reality that SIRO sells discretionary capital equipment & bears >30% direct exposure to Europe clearly wasn't evident in its 4Q12 core revenue growth (+23% vs. our +8%) and initial FY13 outlook, which trumped already bullish expectations. We are raising our FY13 and FY14 EPS forecasts to $3.40 (from $3.25) and $3.70 (from $3.40), respectively. Our PT moves to $71 (from $57) on higher cash flow forecasts.”
Sirona Dental Systems closed on Friday at $61.39.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in