UPDATE: Jefferies Raises PT to $83 on Sirona Dental Systems on Product Lineup Catalyst
Jefferies maintained Sirona Dental Systems (NASDAQ: SIRO) with a Buy and raised the price target from $80.00 to $83.00.
Jefferies analyst Brandon Couillard noted, "SIRO satisfied high expectations for its new product line-up at IDS, in our view. Moves to expand the served market of its CAD/CAM CEREC platform should work to augment penetration & core revenue growth in an economically accretive fashion. On greater conviction in its new product vitality, we are raising our FY14 EPS forecast to $3.80 (from $3.75) & PT to $83 (from $80)."
Sirona Dental Systems closed at $71.97 on Wednesday.
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