Deutsche Bank Starts Patterson Companies (PDCO) at Hold; Not 'Equip'-ped for N-T Returns

Deutsche Bank initiates coverage on Patterson Companies (NASDAQ: PDCO) with a Hold. PT $31.50.

Deutsche analyst says, "Patterson is a leading global specialty distributor, focusing on the dental, veterinary, and medical rehabilitation segments. PDCO has been particularly focused on distributing high-value equipment, with its partnership with Sirona for CEREC a differentiating focus. Additionally, PDCO continues to work with its customers to drive further value-add through enhanced services and broader product offerings. Despite a positive market position, near-term pressures on Cap-Ex-related top-line growth causes us to initiate with a Hold."

For an analyst ratings summary and ratings history on Patterson Companies click here. For more ratings news on Patterson Companies click here.

Shares of Patterson Companies closed at $30.39 yesterday.

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