Fly News Breaks for January 9, 2020
HSIC, PDCO, XRAY
Jan 9, 2020 | 06:22 EDT
BofA analyst Michael Cherny downgraded Henry Schein (HSIC) to Underperform from Neutral with a price target of $65, down from $71. Cherny tells investors in a research note that the overall market for dental distribution has been soft for a multiyear basis, yet Henry Schein has been able to outpace Patterson (PDCO) growth in particular due to share gains and strong customer growth; however, he says recent trends have been more muted, calling into question the pacing for outsized growth on an intermediate basis. Although he does not see a significant amount of downside in shares on a near-term basis, he expects Patterson as well as pure play dental manufacturer Dentsply Sirona (XRAY) to be better-positioned for outsized growth relative to expectations.
News For HSIC;PDCO;XRAY From the Last 2 Days
Feb 19, 2020 | 14:08 EST
Notable companies reporting before tomorrow's open, with earnings consensus, include Southern Company (SO), consensus 27c... American Electric Power (AEP), consensus 58c... Hormel Foods (HRL), consensus 46c... ViacomCBS (VIAC), consensus $1.44... Teleflex (TFX), consensus $3.22... EPAM Systems (EPAM), consensus $1.45... Domino's Pizza (DPZ), consensus $2.98... Norwegian Cruise Line (NCLH), consensus 70c... Henry Schein (HSIC), consensus 91c... LKQ Corp. (LKQ), consensus 52c... Wix.com (WIX), consensus 31c... HollyFrontier (HFC), consensus 52c... Six Flags (SIX), consensus 15c... CommScope (COMM), consensus 34c... AK Steel (AKS), consensus (10c).