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PDCO

Patterson Companies

$32.92

-0.23 (-0.69%)

08:45
02/13/18
02/13
08:45
02/13/18
08:45

Technical Take: Patterson Companies drops on FTC discount-evading complaint

The shares were last down over 8.8% to $30 to a new 52-week low in pre-market trading, following on news of an FTC discount-evading conspiracy complaint filed against the three largest dental supply companies. At current price next support is at $28.68. Resistance is at the $31 area.

  • 01

    Mar

PDCO Patterson Companies
$32.92

-0.23 (-0.69%)

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).
12/20/17
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.
02/13/18
LEER
02/13/18
NO CHANGE
LEER
Market Perform
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.

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RNWK

RealNetworks

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TWX

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$94.70

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Viacom

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$39.00

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S

Sprint

$5.30

0.07 (1.34%)

, SNCR

Synchronoss

$9.44

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$5.30

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Synchronoss

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DDAIF

Daimler AG

$88.06

1.81 (2.10%)

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BA

Boeing

$356.66

0.74 (0.21%)

, ERJ

Embraer

$27.83

0.43 (1.57%)

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Boeing

$356.66

0.74 (0.21%)

ERJ

Embraer

$27.83

0.43 (1.57%)

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SSNLF

Samsung

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GE

General Electric

$14.49

-0.01 (-0.07%)

17:54
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XOM

Exxon Mobil

$77.53

1.67 (2.20%)

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QCOM

Qualcomm

$63.32

1.14 (1.83%)

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AYX

Alteryx

$33.38

-0.37 (-1.10%)

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MSFT

Microsoft

$94.06

2.33 (2.54%)

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DLB

Dolby

$62.26

0.4 (0.65%)

, SSNLF

Samsung

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DLB

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$62.26

0.4 (0.65%)

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QCOM

Qualcomm

$63.32

1.14 (1.83%)

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Samsung

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USM

U.S. Cellular

$36.41

3.65 (11.14%)

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Samsung

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  • 05

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ICL

ICL

$4.43

0.08 (1.84%)

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LJPC

La Jolla

$32.15

-0.46 (-1.41%)

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  • 28

    Feb

NOK

Nokia

$5.80

0.09 (1.58%)

, COMM

CommScope

$38.73

0.48 (1.25%)

17:24
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Nokia

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COMM

CommScope

$38.73

0.48 (1.25%)

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NOK

Nokia

$5.80

0.09 (1.58%)

17:22
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CHL

China Mobile

$47.89

0.16 (0.34%)

, NOK

Nokia

$5.80

0.09 (1.58%)

17:19
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02/25
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CHL

China Mobile

$47.89

0.16 (0.34%)

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Nokia

$5.80

0.09 (1.58%)

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VOD

Vodafone

$28.96

0.6 (2.12%)

, NOK

Nokia

$5.80

0.09 (1.58%)

17:17
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17:17
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Nokia (NOK) and Vodafone…

VOD

Vodafone

$28.96

0.6 (2.12%)

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Nokia

$5.80

0.09 (1.58%)

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  • 05

    Mar

NOK

Nokia

$5.80

0.09 (1.58%)

, FB

Facebook

$183.29

4.3 (2.40%)

17:15
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17:15
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Nokia, Facebook working to expand ecosystem for Fixed Wireless Access over 60GHz »

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NOK

Nokia

$5.80

0.09 (1.58%)

FB

Facebook

$183.29

4.3 (2.40%)

03/08/13
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