Fly News Breaks for February 19, 2020
Feb 19, 2020 | 05:04 EDT
Stifel analyst Jonathan Block raised the firm's price target on Dentsply Sirona to $66 from $63 and reiterates a Buy rating on the shares. The analyst also added the shares to the Stifel Select List. He believes 2020 consensus revenue and earnings estimates may prove conservative given the "solid uptake" of Primescan, augmented by the company's consumables initiatives and to a lesser extent SureSmile. While part of the investor pushback might be the "short tail of stock success" Dentsply usually experiences on the heels of a CEREC digital impression upgrade cycle, this tail may be longer than expected as the upgrade is yet to be rolled out to additional worldwide markets, a new Mill was recently introduced, and new portfolio products recently hit the market, Block tells investors in a research note.
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