Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Sirona Dental Systems

Related SIRO
Index Shuffling: PrivateBancorp To Join S&P MidCap 400, Cogent Communications To Join S&P SmallCap 600
Earnings Scheduled For November 20, 2015

In a report published Monday, Jefferies & Company reiterated its Buy rating on Sirona Dental Systems (NASDAQ: 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.

Latest Ratings for SIRO

Sep 2015Stephens & Co.Downgrades
Sep 2015William BlairUpgradesOutperform
Sep 2015Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for SIRO
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (SIRO)

View Comments and Join the Discussion!