Jefferies Starts Patterson Companies (PDCO) at Hold
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Price: $29.05 +0.21%
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
0 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on Patterson Companies (NASDAQ: PDCO) with a Hold. PT $31.00.
The firm comments, "While current valuations are increasingly appealing and appear to discount expectations for a moderation in its nearterm organic revenue growth trajectory, we prefer to gain exposure to dental product manufacturers where product cycle catalysts and valuation arbitrage opportunities appear more compelling."
For more ratings news on Patterson Companies click here and for the rating history of Patterson Companies click here.
Shares of Patterson Companies closed at $27.36 yesterday.
The firm comments, "While current valuations are increasingly appealing and appear to discount expectations for a moderation in its nearterm organic revenue growth trajectory, we prefer to gain exposure to dental product manufacturers where product cycle catalysts and valuation arbitrage opportunities appear more compelling."
For more ratings news on Patterson Companies click here and for the rating history of Patterson Companies click here.
Shares of Patterson Companies closed at $27.36 yesterday.
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