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Fly News Breaks for May 16, 2018
XRAY
May 16, 2018 | 06:26 EDT
Deutsche Bank analyst Glen Santangelo lowered his price target for Dentsply Sirona to $55 following the company's Q1 results. The analyst revised his estimates to reflect the company's heightened investments, slightly lower revenue growth due to challenges in U.S. technology and equipment, and dilution from the recent OraMetrix acquisition. Despite the "disappointing" reduction in fiscal 2018 guidance, Dentsply's set-up for next year is encouraging as the company reaps some of the benefits from its investments, Santangelo tells investors in a research note. He keeps a Buy rating on the shares.
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