Bank of America Publishes Update on Sirona Dental Systems

Bank of America has published a research report on Sirona Dental Systems SIRO updating on the company. In the report, Bank of America wrote, "The plan runs through September 30, 2014, but we expect more front end loaded execution with shares trading 30% off a 52 week high on macroeconomic concerns that are severely discounting strong new product cycles across most categories." Bank of America rated Sirona Dental Systems a BUY with a price target of $62.00. Sirona Dental Systems closed Monday at $38.75.