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UPDATE: Goldman Sachs Downgrades Patterson Companies to Sell on Downside Outlook

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Goldman Sachs downgraded Patterson Companies (NASDAQ: PDCO) from Neutral to Sell.

Goldman Sachs said, "We downgrade PDCO to Sell, as we are 1-2% below Street EPS for FY13-14 on our less bullish near-term view of high-tech equipment demand. We believe PDCO's exclusive distribution relationship with SIRO and potential supply constraints with Omnicam(SIRO's new intraoral camera) could pose challenges in CY1H12. We also see less support from other segments given tough Vet comps ahead and ongoing Medical challenges."

Patterson Companies closed at $35.61 on Monday.

Latest Ratings for PDCO

DateFirmActionFromTo
Sep 2014Bank of AmericaMaintainsBuy
May 2014JP MorganMaintainsNeutral
Jan 2014Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for PDCO
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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