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HSIC

Henry Schein

$72.18

0.43 (0.60%)

, PDCO

Patterson Companies

$32.92

-0.23 (-0.69%)

08:32
02/13/18
02/13
08:32
02/13/18
08:32

FTC suit could result in longer-term margin headwinds for Henry Schein, says Leerink

Leerink analyst David Larsen notes that the FTC announced a lawsuit against Henry Schein (HSIC), Patterson (PDCO), and Benco for antitrust pricing behavior. The analyst views this news as being "very serious," and could result in longer-term margin headwinds and multiple compression for Henry Schein. He reiterates a Market Perform on Henry Schein's shares.

HSIC

Henry Schein

$72.18

0.43 (0.60%)

PDCO

Patterson Companies

$32.92

-0.23 (-0.69%)

  • 16

    Feb

  • 01

    Mar

HSIC Henry Schein
$72.18

0.43 (0.60%)

12/08/17
DBAB
12/08/17
INITIATION
Target $79
DBAB
Buy
Henry Schein initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Glen Santangelo started Henry Schein (HSIC) with a Buy rating and $79 price target. The stock over the last five months is down 27% as investors have become increasingly concerned about the potential increased presence of Amazon (AMZN) in the sector and overall declining growth, Santangelo tells investors in a research note. He believes near-term fears are reflected in the shares and recommends buying the pullback.
12/19/17
DBAB
12/19/17
NO CHANGE
Target $79
DBAB
Buy
Deutsche Bank survey finds dentists mixed on Amazon
Deutsche Bank analyst Glen Santangelo says his firm's survey of 81 dentists "somewhat supports" the view that dentists are not overly convinced that purchasing consumables online is the obvious choice for their practice. The analyst does not believe the "near-term reality matches the current level of fear" regarding competition from Amazon (AMZN). The threat of Amazon and the potential for increased online competition has weighed on sentiment of Henry Schein (HSIC) over the last few months, Santangelo tells investors in a research note. He points out the stock is down 7% for the year after declining 4% in 2016. Santangelo believes Henry Schein has the potential to see a rebound in both consumable and equipment growth, creating an attractive risk/reward for the stock heading into 2018. The analyst keeps a Buy rating on the shares with a $79 price target. Other names in the dental supply space include Patterson Companies (PDCO) and Dentsply Sirona (XRAY).
12/27/17
PIPR
12/27/17
NO CHANGE
Target $78
PIPR
Overweight
Piper sees Henry Schein positioned well against Amazon in Florida
After visiting one of Henry Schein's (HSIC) top five consumable distribution centers, in Jacksonville, Florida, a market where Amazon (AMZN) has recently made investments, Piper Jaffray analyst Sarah James says the company's offerings may stack up well to Amazon. She highlights Henry Schein's ability to distribute 94% of orders next day with a 99% accuracy rate. The analyst believes the company's customer retention could be higher than the market expects driven by partnerships with dentists to manage inventory and maximize revenue generating space. Henry Schein's main defense against Amazon is customer service and the "sticky behavior" of doctors/dentists, James tells investors in a research note titled "Learning from Ground Zero of the War on Amazon and Dental Consumable Trends." She keeps an Overweight rating on Henry Schein with a $78 price target.
01/04/18
EVER
01/04/18
INITIATION
Target $81
EVER
Outperform
Henry Schein initiated with an Outperform at Evercore ISI
Evercore ISI started Henry Schein with an Outperform rating and $81 price target.
PDCO Patterson Companies
$32.92

-0.23 (-0.69%)

12/08/17
DBAB
12/08/17
INITIATION
Target $37
DBAB
Hold
Patterson Companies initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Glen Santangelo started Patterson Companies with a Hold rating and $37 price target. The analyst cites challenging market conditions and the company's "poor historical track record" for his Hold rating.
12/20/17
NRCS
12/20/17
NO CHANGE
Target $53
NRCS
Buy
Patterson didn't really lose biggest veterinary customer, says Northcoast
Northcoast analyst Ed Snyder notes that competitor sell-side reports have suggested that Patterson Companies lost its biggest veterinary customer, The Veterinary Cooperative, which will now be serviced primarily by MWI Veterinary. However, TVC is a cooperative that negotiates price discounts and does not take inventory, meaning it is not a customer, explains Snyder. Rather than continuing to give TVC an additional price discount, Patterson is choosing to reinvest those dollars in its own loyalty program, said Snyder, who contends that competitor research "misrepresent the facts and therefore overstate the risk." He maintains a Buy rating and $53 price target on Patterson shares.
01/04/18
EVER
01/04/18
INITIATION
Target $38.5
EVER
In Line
Patterson Companies initiated with an In Line at Evercore ISI
Evercore ISI started Patterson Companies with an In Line rating and $38.50 price target.

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$27.04

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NVRO

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10:31
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  • 21

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