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UPDATE: Stifel Nicolaus Raises PT to $76 on Sirona Dental Systems Following Omnicam Survey

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UPDATE: Sirona Dental Systems Q1 Earnings Top Estimates
Earnings Scheduled For February 6, 2015

Stifel Nicolaus maintained Sirona Dental Systems (NASDAQ: SIRO) with a Buy rating and raised the price target from $72.00 to $76.00.

Stifel Nicolaus said, "[W]we surveyed 106 U.S. dentists, of which 95 are active CEREC providers. Our findings focus on Sirona's Omnicam, U.S. patient volumes and any impact on dental equipment from year-end tax purchasing. … Investors are excited about Omnicam's near-term positive impact on new CEREC users. Today's work shows there are additional catalysts that lurk around the corner, notably the Omnicam upgrade cycle. Sirona remains one of favorite names."

Sirona Dental Systems closed at $68.82 on Tuesday.

Latest Ratings for SIRO

DateFirmActionFromTo
Mar 2015William BlairDowngradesOutperformMarket Perform
Dec 2014Credit SuisseMaintainsOutperform
Sep 2014BairdUpgradesNeutralOutperform

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Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

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