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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.

TODAY'S FREE FLY STORIES

CYH

Community Health

$4.46

-0.18 (-3.88%)

15:55
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  • 22

    Aug

AMZN

Amazon.com

$1,728.40

-21.19 (-1.21%)

15:53
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INTC

Intel

$52.31

-1.15 (-2.15%)

15:50
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Intel implied volatility moves higher as shares slide »

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  • 21

    Jun

VDMCY

Vodacom

$0.00

(0.00%)

15:49
06/21/18
06/21
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15:49
Conference/Events
Vodacom management to meet with JPMorgan »

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  • 25

    Jun

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    Jun

PCRX

Pacira

$35.40

-4.45 (-11.17%)

, HRTX

Heron Therapeutics

$39.55

8.85 (28.83%)

15:42
06/21/18
06/21
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15:42
Recommendations
Pacira, Heron Therapeutics analyst commentary  »

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PCRX

Pacira

$35.40

-4.45 (-11.17%)

HRTX

Heron Therapeutics

$39.55

8.85 (28.83%)

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  • 21

    Jun

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QQQ

Invesco QQQ Trust

$175.78

-1.47 (-0.83%)

15:40
06/21/18
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Options
Contrarian flow in QQQ 1day calls »

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SMSEY

Samsonite International

$0.00

(0.00%)

15:40
06/21/18
06/21
15:40
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15:40
Conference/Events
Samsonite International management to meet with JPMorgan »

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  • 25

    Jun

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    Jun

SENS

Senseonics

$4.93

0.07 (1.44%)

15:37
06/21/18
06/21
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15:37
Hot Stocks
Senseonics up 5% after reopening following FDA approval news »

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  • 22

    Jun

WATT

Energous

$16.10

-0.61 (-3.65%)

15:35
06/21/18
06/21
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15:35
Options
Energous put volume heavy and directionally bearish »

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SENS

Senseonics

$4.93

0.07 (1.44%)

15:35
06/21/18
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Hot Stocks
Breaking Hot Stocks news story on Senseonics »

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  • 22

    Jun

LDOS

Leidos

$57.77

-0.57 (-0.98%)

15:29
06/21/18
06/21
15:29
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15:29
Recommendations
Leidos analyst commentary  »

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  • 26

    Jul

LDOS

Leidos

$57.75

-0.59 (-1.01%)

, HRS

Harris

$143.06

-2.18 (-1.50%)

15:25
06/21/18
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LDOS

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$57.75

-0.59 (-1.01%)

HRS

Harris

$143.06

-2.18 (-1.50%)

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  • 26

    Jul

FOSL

Fossil

$31.65

2.43 (8.32%)

15:25
06/21/18
06/21
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15:25
Options
Fossil call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

$274.42

-1.58 (-0.57%)

, SPX

S&P 500

$0.00

(0.00%)

15:22
06/21/18
06/21
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06/21/18
15:22
Technical Analysis
Technical Take: S&P 500 at important technical juncture into the close »

Last week in a summary…

SPY

SPDR S&P 500 ETF Trust

$274.42

-1.58 (-0.57%)

SPX

S&P 500

$0.00

(0.00%)

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WFC

Wells Fargo

$54.58

0.08 (0.15%)

15:17
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  • 13

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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SENS

Senseonics

$4.93

0.07 (1.44%)

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  • 22

    Jun

15:15
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General news
Treasury Closing Summary: »

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SRE

Sempra Energy

$111.85

-0.68 (-0.60%)

15:12
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CSX

CSX

$64.28

-0.59 (-0.91%)

15:10
06/21/18
06/21
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15:10
Options
CSX sees increased put activity »

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  • 17

    Jul

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MFG

Mizuho Financial Group

$3.37

-0.07 (-2.03%)

15:05
06/21/18
06/21
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15:05
Conference/Events
Mizuho Financial Group management to meet with JPMorgan »

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  • 25

    Jun

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HRTX

Heron Therapeutics

$40.10

9.4 (30.62%)

15:04
06/21/18
06/21
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15:04
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Heron Therapeutics analyst commentary  »

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  • 21

    Jun

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    Jun

SGH

Smart Global

$40.24

-0.27 (-0.67%)

15:04
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Options
SMART Global options imply 15.6% move in share price post-earnings »

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  • 21

    Jun

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STMP

Stamps.com

$249.35

-30.95 (-11.04%)

15:02
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Stamps.com analyst commentary  »

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