Henry Schein assumed with a Neutral at JPMorgan

JPMorgan analyst John Stansel assumed coverage of Henry Schein with a Neutral rating and price target of $69, down from $83. The analyst balances the company’s positive acquisitions and easing COVID-19 comps with the current uncertainty around the impacts of the recent cybersecurity event. In the near term, the firm views an ongoing lack of clarity around the impact of Henry Schein’s cybersecurity event as skewing the stock’s near-term risk/reward negatively into Mondays earnings.