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Fly News Breaks for February 15, 2018
PDCO
Feb 15, 2018 | 06:56 EDT
JPMorgan analyst Michael Minchak downgraded Patterson Companies to Underweight saying the company faces more near-term headwinds and uncertainties relative to other names he covers. He believes it will take time for Patterson's initiatives to bear fruit. As such, the shares are likely to be a "show me" story over the next year, Minchak tells investors in a research note. Further, his enthusiasm for Dental Distribution names is tempered by the sustained slowdown in U.S. consumables growth and potential for incremental margin pressure.
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