UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Sirona Dental Systems on Raised Forecasts

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

In a report published Monday, Jefferies reiterated its Buy rating on Sirona Dental Systems (NASDAQ: SIRO), and raised its price target from $71.00 to $80.00.Jefferies noted, “SIRO's fiscal-1Q13 (Dec) adj. EPS of $0.94 dusted the consensus view (+$0.09) on modest core revenue upside and dramatically better profitability. We are raising our FY13 EPS forecast to $3.45 (from $3.40) on the 1Q13 dynamic. Our price target moves to $80 (from $71) on higher cash flow forecasts.”Sirona Dental Systems closed on Friday at $69.47.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!