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Fly News Breaks for November 1, 2019
HSIC
Nov 1, 2019 | 09:30 EDT
Cleveland Research analyst Rob Eich said his checks point to continued softness in U.S. dental sales at Henry Schein, while outside the U.S. he believes the company's European equipment sales improved in Q3 against easy comparisons. He also is finding early signs of increased attrition at Henry Schein as a result of sales rep commission changes and headcount cuts for support, said Eich. He keeps a Neutral rating on the stock as he thinks dental internal growth that he predicts to be below expectations in 2020 could weigh on the shares.
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