Barrington analyst Michael Petusky raised the firm’s price target on Henry Schein to $90 from $82 and keeps an Outperform rating on the shares. Total revenue of $3.02B fell short of the firm’s “Street-high expectation,” while Schein delivered 66c in non-GAAP EPS that was slightly below the firm’s 68c expectation. Management’s initial FY24 guidance calls for an expectation of $5.00-5.16 in non-GAAP EPS on 8-12% revenue growth along with adjusted EBITDA being anticipated to grow more than 15% during the year, the analyst noted.
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