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Fly News Breaks for August 18, 2015
PDCO
Aug 18, 2015 | 09:34 EDT
Northcoast's industry contacts indicate Patterson Companies may be considering going private. The firm said Patterson recently stopped providing data to an industry group and is shifting away from public disclosure. Northcoast believes shares are undervalued with a sum-of-the-parts valuation of $57 per share and upside into the mid $60's. The firm maintains its Buy rating and $65 price target on shares.
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