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Fly News Breaks for December 6, 2016
PDCO, HSIC
Dec 6, 2016 | 09:28 EDT
As previously reported, Northcoast downgraded Henry Schein (HSIC) to Neutral from Buy. Analyst Ed Snyder said the company is seeing meaningful new competition in the corporate dentistry business sector as Patterson Companies (PDCO) puts resources behind winning new corporate account customers. Patterson has won Henry Schein's largest customer, Heartland Dental, as of January 1, which will negatively impact its North American dental internal growth rate by 85bps.
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