UPDATE: Morgan Stanley Reiterates on Sirona Dental Systems on EPS Acceleration Ahead

In a report published Monday, Morgan Stanley analyst Steve Beuchaw reiterated an Overweight rating on Sirona Dental Systems (NASDAQ: SIRO), and raised the price target from $78.00 to $81.00.

In the report, Morgan Stanley noted, “Sirona has the most compelling lineup of practice-enabling technology for dentistry. Exclusive distribution alliances and an aggressive development pipeline create barriers to entry that insulate Sirona from new competition. Dental practice consolidation and the uptake of imaging technologies are supportive of the uptake of Sirona's signature CEREC systems.”

Sirona Dental Systems closed on Friday at $69.90.