Analyst Says Sirona Dental (SIRO) In Early Innings of Product Cycle Wave

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Last week Sirona Dental Systems, Inc. (NASDAQ: SIRO) reported Q1 EPS of $0.94, $0.09 better than the analyst estimate of $0.85, on revenue of $272.4 million.

Commenting on the company's performance, Jefferies analyst Brandon Couillard said, "SIRO remains in the early innings of its new product cycle wave, which we continue to view as one of the best in healthcare, and enthusiasm for such impending catalysts should allow its shares to sustain recent gains over the coming periods."

Jefferies reiterated a Buy rating on Sirona Dental and raised its price target to $80.00 (from $71.00).

For an analyst ratings summary and ratings history on Sirona Dental (NASDAQ: SIRO) click here. For more ratings news on Sirona Dental click here.

Shares of Sirona Dental closed at $72.94 yesterday, with a 52 week range of $40.59-$73.98.

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