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Fly News Breaks for May 15, 2019
HSIC
May 15, 2019 | 07:20 EDT
As previously reported, SVB Leerink analyst David Larsen downgraded Henry Schein to Market Perform from Outperform and lowered his price target on the shares to $70 from $75. While the analyst acknowledges that he still likes the company and believes its end-markets remain healthy, he notes that the stock has appreciated considerably and at current levels, he believes Henry Schein is fairly valued. Additionally, Larsen thinks the company may face more pressure from online retailers.
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