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Fly News Breaks for January 6, 2016
PDCO
Jan 6, 2016 | 06:58 EDT
Evercore ISI analyst Michael Cherny upgraded Patterson Companies to Buy and increased his price target to $52 from $49.50 on shares. Cherny believes Patterson' share underperformance and wide valuation gap versus peers is unwarranted, and when combined with earnings accretion from the AHI deal and easier comps, should narrow the spread somewhat.
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