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XRAY

Dentsply Sirona

$40.38

0.98 (2.49%)

09:00
08/09/18
08/09
09:00
08/09/18
09:00

Dentsply Sirona downgraded to Market Perform from Outperform at Barrington

Barrington analyst Michael Petusky downgraded Dentsply Sirona to Market Perform saying the company's reduced 2018 guidance is "highly disappointing." The analyst sees "massive uncertainty" surrounding the company's business beyond this year.

  • 27

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XRAY Dentsply Sirona
$40.38

0.98 (2.49%)

08/08/18
08/08/18
DOWNGRADE
Target $40

Equal Weight
Morgan Stanley downgrades Dentsply Sirona to Equal Weight on limited visibility
As previously reported, Morgan Stanley analyst Steve Beuchaw downgraded Dentsply Sirona (XRAY) to Equal Weight from Overweight, estimating that its revenue and EPS growth were pressured by 1% and 2%, respectively, over the last two years by inventory reductions by Patterson Companies (PDCO). Additionally, modest organic growth continued into Q2, suggesting that the headwind from the loss of exclusivity with Patterson has not been offset as anticipated by Dentsply's new relationship with Henry Schein (HSIC), Beuchaw tells investors. Second half guidance confirms channel positioning remains a headwind, while the company's guidance cut reflects inventory pressures re-accelerating from both Patterson and Henry Schein, added the analyst, who cut his price target on Dentsply shares to $40 from $54.
08/08/18
08/08/18
DOWNGRADE
Target $46

Equal Weight
Dentsply Sirona downgraded to Equal Weight with $46 price target at Stephens
As previously reported, Stephens analyst Chris Cooley downgraded Dentsply Sirona to Equal Weight from Overweigh, citing a lack of visibility into the timing and magnitude of an anticipated return to growth after the company reduced its calendar year 2018 guidance once again. While he appreciates Dentsply's margin expansion potential, Cooley is less confident a sustained acceleration in organic sales growth can be achieved via only a salesforce integration, he tells investors. Cooley lowered his price target to $46 from $65 on Dentsply Sirona shares, which were also downgraded this morning at Morgan Stanley.
08/08/18
JEFF
08/08/18
NO CHANGE
Target $46
JEFF
Buy
Dentsply Sirona near-term downside 'seems limited,' says Jefferies
Jefferies analyst Brandon Couillard says near-term downside in shares of Dentsply Sirona "seems limited" after the company announced a "whole slew of negative headlines" when reporting Q2, including another guidance cut, a $1.2B impairment to Sirona, and a new restructuring program with few specifics. While "clearly frustrating" and "patience will be needed," there is reason for optimism heading into 2019, Couillard tells investors in a post-earnings research note. He lowered his price target for Dentsply Sirona to $46 from $58 and keeps a Buy rating on the shares.
08/08/18
08/08/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Aramark (ARMK) downgraded to Neutral from Outperform at Baird with analyst Andrew Wittmann saying the shares rallied following its results, which helped balance the risk/reward. 2. Hostess Brands (TWNK) downgraded to Sector Perform from Outperform at RBC Capital and to Hold from Buy at SunTrust. 3. Spark Therapeutics (ONCE) downgraded to Market Perform from Outperform at BMO Capital with analyst Matthew Luchini saying he believes that the company's latest SPK-8011 hemA data falls short of expectations, with totality of the data suggesting a "less competitive profile versus valrox" and reducing his confidence in the program. 4. Mallinckrodt (MNK) downgraded to Market Perform from Outperform at Raymond James with analyst Elliot WIlbur saying pipeline optionality remains high and is heavily discounted by valuation, and sees no "rational valuation framework" to support further upside. 5. Dentsply Sirona (XRAY) downgraded to Equal Weight from Overweight at Stephens and to Equal Weight from Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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