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Fly News Breaks for January 7, 2020
PDCO
Jan 7, 2020 | 07:22 EDT
As previously reported, Guggenheim analyst Glen Santangelo upgraded Patterson Companies to Buy from Neutral with a $25 price target. The relatively new management team's investments in technology and distribution are starting to gain traction and Santangelo sees them driving more consistent and sustainable growth in 2020, he tells investors. The company raised guidance last quarter for the first time in six years, noted the analyst, who expects fundamental outperformance and predicts that Patterson's valuation gap with dental peers will close.
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