Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Lowers PT on Patterson Companies

Related PDCO
Earnings Scheduled For May 21, 2015
Earnings Scheduled For February 19, 2015
Quality Systems Tops Q4 Earnings & Revenues, Shares Up - Analyst Blog (Zacks)

In a report published Wednesday, Goldman Sachs Group reiterated its Neutral rating on Patterson Companies (NASDAQ: PDCO), but slightly lowered its price target from $30.00 to $29.00.

Goldman Sachs noted, “We lower our FY13 EPS to $2.00 from $2.11 to reflect the FY2Q miss and guidance update. Our FY14/FY15 EPS also move lower to $2.25/$2.46 from $2.34/$2.53 largely on follow through of more conservative dental sales and margin assumptions. That said, we do reflect a slightly easier equipment comp in FY14 given FY2Q13's more transient Omnicam issue.”

Patterson Companies closed on Tuesday at $32.99.

Latest Ratings for PDCO

Dec 2014Bank of AmericaMaintainsBuy
Nov 2014Credit SuisseMaintainsUnderperform
Nov 2014Credit SuisseMaintainsUnderperform

View More Analyst Ratings for PDCO
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Price Target Analyst Ratings


Related Articles (PDCO)

Around the Web, We're Loving...