Market Overview

UPDATE: Goldman Sachs Downgrades Sirona Dental Systems to Neutral on Limited Upside

Related SIRO
Earnings Scheduled For August 8, 2014
Can Edwards Lifesciences (EW) Surprise Q2 Earnings Estimates?

Goldman Sachs downgraded Sirona Dental Systems, Inc. (NASDAQ: SIRO) from Buy to Neutral and announced a $67.00 price target.

Goldman Sachs commented, "We downgrade SIRO to Neutral from Buy as we see limited upside to our $67 12-month price target. While we still like SIRO's product cycle story, we expect 1HFY13 growth to be challenged by Omnicam supply constraints and are below consensus for both FY1Q and FY2Q. Moreover, at 19X consensus CY13 estimates, we believe valuation already reflects a full 2HFY13 Omnicam rollout and the expected contribution from this year's International Dental Show (IDS)."

Sirona Dental Systems closed at $66.80 on Monday.

Posted-In: Goldman SachsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (SIRO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters