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PDCO

Patterson Companies

$36.55

-0.4 (-1.08%)

, ABC

AmerisourceBergen

$83.63

-1.19 (-1.40%)

11:21
12/01/17
12/01
11:21
12/01/17
11:21

Patterson Companies lower after research firm highlights customer loss

Shares of Patterson Companies (PDCO) are trading lower this morning after Cleveland Research indicated that the company will be losing its largest animal health customer's business to AmerisourceBergen (ABC) at the start of the new year. The firm speculates that the contract loss occurred after Patterson's most recent earnings call and is not already factored in the company's guidance for FY18, according to contacts. Patterson Companies shares are down 3.7% to $35.20 in morning trading.

PDCO

Patterson Companies

$36.55

-0.4 (-1.08%)

ABC

AmerisourceBergen

$83.63

-1.19 (-1.40%)

PDCO Patterson Companies
$36.55

-0.4 (-1.08%)

11/15/17
STFL
11/15/17
UPGRADE
STFL
Hold
Patterson Companies upgraded to Hold from Sell at Stifel
11/16/17
11/16/17
UPGRADE
Target $34

Hold
With short interest rising, Stifel upgrades Patterson Companies to Hold
As previously reported, Stifel analyst Jonathan Block upgraded Patterson Companies (PDCO) to Hold from Sell, though he made clear to investors he still believes the company faces significant challenges. However, the stock has reached a five-year trough valuation and sentiment among the dental distributors is close to all-time lows amid worries about Amazon (AMZN) competition, Block points out. He also notes that short interest in Patterson has recently been moving higher. Block keeps a $34 price target on the stock.
11/20/17
11/20/17
NO CHANGE

Amazon disruption of healthcare 'a foregone conclusion,' says Morgan Stanley
Morgan Stanley's U.S. Internet and Healthcare teams collaborated on a report exploring Amazon's (AMZN) entry into healthcare, stating that it will likely take time but that the e-commerce giant's "disruption of healthcare is a foregone conclusion." While retail plays to Amazon's strengths with the highest profits and lowest barriers to entry, retailers like CVS (CVS) and Walgreens (WBA) have the most opportunities to adjust their business models and lower costs to defend against Amazon, the teams tell investors. Medical supply and Life Sciences distribution are "less rich" targets, but look like "low-hanging fruit," the analysts added. Cardinal Health (CAH) has the most exposure via its medical supply distribution segment, said the firm, which downgraded Cardinal to Underweight from Equal Weight, as previously reported. McKesson (MCK) also has some, but less, risk and AmerisourceBergen (ABC), which doesn't distribute medical supplies, remains immune in the near-term, the firm concluded. Others in healthcare distribution facing the most share and/or margin risk from Amazon include Thermo Fisher (TMO), Henry Schein (HSIC) and Patterson (PDCO), the firm added.
11/29/17
CLVD
11/29/17
NO CHANGE
CLVD
Henry Schein, Patterson mentioned cautiously at Cleveland Research
Cleveland Research made cautious comments regarding Amazon's (AMZN) headway into the dental industry, saying that its checks indicate that manufacturers are being more open to offer their full product lines to the e-commerce giant, which could pressure industry incumbents Henry Schein (HSIC) and Patterson (PDCO).
ABC AmerisourceBergen
$83.63

-1.19 (-1.40%)

10/27/17
JEFF
10/27/17
NO CHANGE
JEFF
Amazon licenses likely related to medical equipment, says Jefferies
News of Amazon.com's (AMZN) receipt of wholesale pharmacy licenses drove a sell-off yesterday in pharma supply chain stocks, Jefferies analyst Brian Tanquilut tells investors in a research note. Shares of AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK) fell yesterday in late afternoon trading. The analyst says that while the news strengthened investor fears about Amazon's entry into drug retailing, his due diligence indicates the licenses Amazon obtained are likely associated with its sale and distribution of medical equipment rather than prescription drugs. Tanquilut, however, recognizes that Amazon fears will overhang over prescription supply chain stocks in the near-term. He believes the impact to distributors from Amazon's professional medical device sales and distribution business remains difficult to assess.
11/06/17
NEED
11/06/17
NO CHANGE
Target $86
NEED
Buy
AmerisourceBergen price target lowered to $86 from $93 at Needham
Needham analyst Kevin Caliendo lowered his price target on AmerisourceBergen (ABC) to $86 following Q4 results and initial FY18 guidance. Caliendo says he questions expectations of 3%-5% profit growth amid the management's expectations of increased operating spending. The analyst keeps his Buy rating however, noting that the set-up for FY18 is still appealing, once year-end selling is finished and Amazon's (AMZN) plans on pharmaceutical distribution are disclosed.
11/30/17
JEFF
11/30/17
NO CHANGE
JEFF
Jefferies sees drugstore sentiment improving with no Amazon news
Investors were anticipating an announcement from Amazon.com (AMZN) regarding a pharmacy strategy around Thanksgiving due to recent media reports and the resulting sell-side speculation, Jefferies analyst Brian Tanquilut tells investors in a research note. With no Amazon pharmacy entry announced one week removed from the holiday, the analyst believes investor sentiment over the drug supply chain may gradually improve, at least in the near-term. He notes that the price-to-earnings multiples of Walgreens Boots Alliance (WBA) and CVS Health (CVS) have already declined amid speculation of an Amazon entry. Tanquilut acknowledges, however, that the Amazon overhang will not completely go away. The analyst has Buy ratings on UnitedHealth (UNH) and Walgreens, and Hold ratings on AmerisourceBergen (ABC), Cardinal Health (CAH), CVS and McKesson (MCK).

TODAY'S FREE FLY STORIES

ADBE

Adobe

$175.00

-1.83 (-1.03%)

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RIGL

Rigel Pharmaceuticals

$3.57

-0.15 (-4.03%)

07:14
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  • 17

    Apr

CRTO

Criteo

$24.42

-7.19 (-22.75%)

07:12
12/15/17
12/15
07:12
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07:12
Downgrade
Criteo rating change  »

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ORCL

Oracle

$50.19

0.14 (0.28%)

07:11
12/15/17
12/15
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07:11
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Oracle analyst commentary  »

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IIPR

Innovative Industrial Properties

$22.60

2.28 (11.22%)

07:10
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07:10
Hot Stocks
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HOLX

Hologic

$42.96

-0.72 (-1.65%)

07:08
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07:08
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PFGC

Performance Food Group

$30.55

-0.9 (-2.86%)

07:07
12/15/17
12/15
07:07
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07:07
Earnings
Performance Food Group sees FY18 adjusted EPS up 13%-18% »

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  • 08

    Jan

TYME

Tyme Technologies

$3.30

0.05 (1.54%)

07:05
12/15/17
12/15
07:05
12/15/17
07:05
Initiation
Tyme Technologies initiated  »

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ALNY

Alnylam

$123.66

-1.2 (-0.96%)

, SNY

Sanofi

$43.09

-0.83 (-1.89%)

07:04
12/15/17
12/15
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07:04
Hot Stocks
Alnylam announces lift of FDA clinical hold on Fitusiran »

Alnylam Pharmaceuticals…

ALNY

Alnylam

$123.66

-1.2 (-0.96%)

SNY

Sanofi

$43.09

-0.83 (-1.89%)

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  • 18

    Jan

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  • 02

    May

UA

Under Armour; also tag UAA

$12.45

0.09 (0.73%)

, UAA

Under Armour; also tag UA

$13.82

0.2 (1.47%)

07:04
12/15/17
12/15
07:04
12/15/17
07:04
Upgrade
Under Armour; also tag UAA, Under Armour; also tag UA rating change  »

Under Armour upgraded to…

UA

Under Armour; also tag UAA

$12.45

0.09 (0.73%)

UAA

Under Armour; also tag UA

$13.82

0.2 (1.47%)

03/08/13
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RBA

Ritchie Bros.

$28.69

0.3 (1.06%)

07:04
12/15/17
12/15
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07:04
Hot Stocks
Ritchie Bros. sess $50M+ of equipment in final Fort Worth, TX auction of 2017 »

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SNY

Sanofi

$43.09

-0.83 (-1.89%)

, ALNY

Alnylam

$123.66

-1.2 (-0.96%)

07:03
12/15/17
12/15
07:03
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07:03
Hot Stocks
Sanofi says FDA lifts clinical hold on fitusiran »

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SNY

Sanofi

$43.09

-0.83 (-1.89%)

ALNY

Alnylam

$123.66

-1.2 (-0.96%)

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  • 18

    Jan

  • 25

    Mar

  • 02

    May

CROX

Crocs

$10.94

-0.34 (-3.01%)

07:03
12/15/17
12/15
07:03
12/15/17
07:03
Upgrade
Crocs rating change  »

Crocs upgraded to Buy on…

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  • 07

    Jan

  • 08

    Jan

ESNC

EnSync

$0.44

0.0663 (17.79%)

, CHTR

Charter

$328.68

-0.32 (-0.10%)

07:03
12/15/17
12/15
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07:03
Hot Stocks
EnSync: Spectrum solar plus storage project commissioned in Hawaii »

EnSync (ESNC) announces…

ESNC

EnSync

$0.44

0.0663 (17.79%)

CHTR

Charter

$328.68

-0.32 (-0.10%)

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  • 19

    Dec

PFGC

Performance Food Group

$30.55

-0.9 (-2.86%)

07:03
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Hot Stocks
Performance Food Group appoints Jim Hope as CFO »

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  • 08

    Jan

ACRS

Aclaris Therapeutics

$24.72

-0.38 (-1.51%)

07:02
12/15/17
12/15
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07:02
Hot Stocks
Aclaris Therapeutics receives FDA approval for Eskata topical solution, 40% »

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  • 24

    Dec

AER

AerCap

$52.12

-0.46 (-0.87%)

07:01
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AerCap analyst commentary  »

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QTWO

Q2 Holdings

$37.30

-0.75 (-1.97%)

07:00
12/15/17
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SPX

S&P 500

07:00
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S&P 500: Pivot points »

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FIT

Fitbit

$6.82

-0.2 (-2.85%)

06:59
12/15/17
12/15
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06:59
Downgrade
Fitbit rating change  »

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AMZN

Amazon.com

$1,174.80

10.61 (0.91%)

06:55
12/15/17
12/15
06:55
12/15/17
06:55
Periodicals
Luxembourg appeals EU order to recover tax from Amazon, Reuters reports »

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  • 18

    Mar

ACRS

Aclaris Therapeutics

$24.72

-0.38 (-1.51%)

06:55
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06:55
Hot Stocks
Breaking Hot Stocks news story on Aclaris Therapeutics »

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  • 24

    Dec

GDX

Market Vector Gold Miners

$22.07

-0.09 (-0.41%)

06:54
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Technical Analysis
Market Vector Gold Miners: Pivot points »

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DIS

Disney

$110.57

2.96 (2.75%)

, FOXA

21st Century Fox

$34.88

2.13 (6.50%)

06:54
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12/15
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Disney, 21st Century Fox analyst commentary  »

Disney price target…

DIS

Disney

$110.57

2.96 (2.75%)

FOXA

21st Century Fox

$34.88

2.13 (6.50%)

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  • 15

    Dec

GLD

SPDR Gold Trust

$118.93

-0.24 (-0.20%)

06:54
12/15/17
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Technical Analysis
SPDR Gold Trust: Pivot points, pivot high broken »

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