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Fly News Breaks for May 2, 2019
HSIC
May 2, 2019 | 09:41 EDT
Cleveland Research analyst Rob Eich said his work suggests Q1 U.S. consumable sales were slightly softer than expected, driven by a slow start to the quarter, though he also notes signs that March and April rebounded somewhat. He believes Henry Schein's dental consumable margins declined 100-150 basis points in 2018 and he continues to see risk to its FY19 earnings due to persistent price and margin pressures, Eich told investors in a research note. He maintains a Neutral rating on Henry Schein shares.
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