Barrington analyst Michael Petusky raised the firm’s price target on Henry Schein (HSIC) to $90 from $82 and keeps an Outperform rating on the shares. Yesterday’s news regarding KKR taking a material stake in Henry Schein is clearly a response to Ananym’s pressure campaign as well as a significant vote of confidence regarding the company’s inherent value, the analyst tells investors in a research note. The firm believes the investment by KKR and the addition of new board members “represent a big win versus the quite adversarial proxy fight that seemed likely to ensue.”
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