Leerink initiated coverage of Patterson Companies with an Outperform rating and $36 price target. Leerink sees Patterson as still having a range of both revenue and cost-driven upside opportunities, underpinned by what has been a steady core consumables growth trend, the analyst tells investors in a research note. While there remains volatility for dental equipment sales on a quarterly basis, the long-term run-rate should fall in line with market growth-plus, the firm says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PDCO:
- PDCO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Patterson Companies Elects Pamela Tomczik to Board
- Patterson named exclusive North American distributor of Solea laser
- Ex-Dividend Date Nearing for These 10 Stocks – Week of January 15, 2024
- Patterson Companies to replace Chico’s in S&P 600 at open on 1/5