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Fly News Breaks for December 20, 2019
HSIC, PDCO
Dec 20, 2019 | 09:57 EDT
Baird analyst Jeff Johnson said he has confirmed that Patterson (PDCO) has won the contract as the new supplier for certain dental consumable, equipment and services that Henry Schein (HSIC) announced this morning that it has lost. Johnson estimates the contract has an annual value of $30M-$40M and he doesn't see a significant financial impact to either company over 2020 from this news. He keeps Neutral ratings on the stocks of both dental suppliers.
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