Jefferies Reiterates Buy on Sirona Dental (SIRO), Raises Price Target

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Analysts at Jefferies Reiterated their Buy rating on Sirona Dental (NASDAQ: SIRO) and raised their price target to $57.00 (from $56.00).

Analyst Brandon Couillard said "SIRO's 3Q12 EBITA of $58M matched our & the consensus forecast as vastly stronger core revenue growth offset weaker profitability. EPS of $0.80 beat our $0.76 on below the line items & a lower share count (+$0.01). We are raising our FY12 & FY13 EPS forecasts to $3.06 (from $3.01) and $3.25 (from $3.20), respectively. Our PT moves to $57 (from $56) on higher cash flow forecasts."

For an analyst ratings summary and ratings history on Sirona Dental click here. For more ratings news on Sirona Dental click here.

Shares of Sirona Dental closed at $48.36 yesterday, with a 52 week range of $38.69-$52.52.

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