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Investing.com - Jefferies has reduced its price target on DENTSPLY SIRONA (NASDAQ:XRAY) to $13.00 from $15.00 while maintaining a Hold rating on the dental equipment manufacturer’s stock. The stock currently trades near its 52-week low of $12.14, though InvestingPro analysis suggests the stock may be undervalued at current levels.
The firm’s decision reflects what it describes as a "cloudy macro picture" in the dental market, combined with mixed results from Jefferies’ proprietary U.S. dental survey.
Jefferies noted that survey results indicate DENTSPLY SIRONA’s brand still carries significant weight with doctors in the dental industry, suggesting continued brand strength despite recent challenges.
Following recent management turnover at the company, Jefferies stated it awaits more clarity on the new management team’s strategic plans to address market share losses and achieve growth rates in line with the broader market.
The firm expects DENTSPLY SIRONA will need to demonstrate it can grow at market rates before the stock can narrow its valuation discount compared to industry peers.
In other recent news, Dentsply Sirona has announced several key developments. The company reported a transition in its executive team, with Richard C. Rosenzweig stepping down from his role as Executive Vice President, Corporate Development, General Counsel, and Secretary. He will continue with the company in a non-executive capacity as a Special Legal Advisor until March 2026. Concurrently, Aldo M. Denti has been appointed as Executive Vice President and Chief Commercial Officer, a move aimed at enhancing the alignment of the company’s Global Business Units and Commercial Organizations.
In financial news, Mizuho has lowered its price target for Dentsply Sirona to $16.00, citing concerns over slightly lower margins and higher taxes following the company’s second-quarter 2025 results. Additionally, Needham has maintained its Hold rating on the company’s stock after attending the DS World event. On the compensation front, Tony Johnson, the Chief Supply Chain Officer, received a $2 million retention grant to acknowledge his performance during recent executive transitions. This grant is structured as stock options, which will fully vest after three years, contingent on continued employment.
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