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Fly News Breaks for February 14, 2017
HSIC, XRAY
Feb 14, 2017 | 06:21 EDT
Stifel analyst Jonathan Block upgraded Dentsply Sirona (XRAY) to Buy from Hold saying his work suggests an improvement in the dental market "may be on the horizon." Despite the company's "superior" long-term top and bottom line growth rate, the stock is currently trading near a trough multiple relative to the S&P 500 Index and peer Henry Schein (HSIC), Block told investors last night in a research note. He raised his price target for the shares to $70 from $62. The analyst notes the upgrade is not a call on Dentsply Sirona's Q4 results this Friday.
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