UPDATE: Stifel Nicolaus Initiates Henry Schein at Hold on Valuation
Stifel Nicolaus initiated coverage on Henry Schein (NASDAQ: HSIC) with a Hold rating.
Stifel Nicolaus commented, "Henry Schein's market share gains in N.A. dental and veterinary have outpaced that of Patterson, the company's biggest competitor. As a result, we believe Schein's premium valuation is well deserved. That said, for the stock to post 20% upside from current levels, Henry Schein would need to recapture a 20x NTM EPS multiple. The stock's peak multiple over the past three years is in the high teens."
Henry Schein closed at $82.23 on Wednesday.
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Tags: Stifel Nicolaus