Deutsche Bank Initiates Hold, $66.50 PT on Henry Schein

Deutsche Bank initiates coverage on Henry Schein, Inc. (NASDAQ: HSIC) with a Hold rating and a price target of $66.50 per share as the company drives growth through increased customer value.

Deutsche says, “Henry Schein is one of the leading global specialty distributors, with a focus on dental, veterinary, and ambulatory medical distribution business (plus a technology business). HSIC has used acquisitions to supplement core growth, in particular growing the international business (now 33% of revenues). Additionally, HSIC continues to drive further value-add to clients through enhanced services and broader product offerings. Despite the diverse revenue base, the headwind related from the EU exposure causes us to initiate with a Hold rating and $66.50 PT.”

HSIC closed at $65.00 per share on Monday.