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Fly News Breaks for April 24, 2018
HSIC
Apr 24, 2018 | 06:15 EDT
Goldman Sachs analyst Robert Jones downgraded Henry Schein to Neutral from Buy and revised his price target down to $72. Jones believes the company will be increasingly challenged to expand operating margins due to price competition non-traditional players, mix shifts, and customer consolidation. The analyst sees roughly -30bps EBIT margin compression through 2020 versus consensus for +16%, and management's goal of +20% per year.
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