Jefferies Upgrades Sirona Dental (SIRO) to Buy

Jefferies upgraded Sirona Dental (NASDAQ: SIRO) from Hold to Buy with a price target of $57.

The firm comments, "Following a 27% sell off since early July (vs. -17% for S&P 500), we are upgrading shares of SIRO to Buy (from Hold). Our FY12 EPS forecast ($3.15) and price target ($57) are unchanged. With the shares implying an EV of only 7.5x our CY12 EBITDA forecast (near prior trough levels), we view current valuations as attractive and risk/reward as compelling."

For more ratings news on Sirona Dental click here and for the rating history of Sirona Dental click here.

Shares of Sirona Dental closed at $40.12 yesterday.

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