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

In a report published Wednesday, Goldman Sachs Group reiterated its Neutral rating on Patterson Companies

, 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.