Cantor Fitzgerald Starts Sirona Dental (SIRO) at Buy, $57 Price Target

Cantor Fitzgerald initiated coverage on shares of Sirona Dental (NASDAQ: SIRO) with a Buy rating and a $57 price target.

The firm noted Sirona is a "global leader in the fast-growing and under-penetrated CAD/CAM services and dental imaging markets, but at 12x CY 2013E EPS, it trades at a discount to the dental equipment and mid-cap medtech peers' average of 14x. When we consider the stock's valuation through the lens of the company's long-term growth profile rather than through nearer-term risk factors, we believe the stock offers an extremely compelling value at these levels."

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

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