Dentsply Sirona price target lowered to $29 from $38 at Piper Sandler

Piper Sandler analyst Jason Bednar lowered the firm’s price target on Dentsply Sirona to $29 from $38 and keeps a Neutral rating on the shares after the company reported Q3 results that included revenue consistent with preliminary details and management updated organic growth and EPS guidance. The updated guidance "implies a tough" Q4 as new management works to address internal issues while the external environment is "presenting plenty of persistent" headwinds, said Bednar, who anticipates the company’s turnaround "could prove long and costly."