UPDATE - Auriga Initiates Coverage on Patterson Cos. (PDCO) with a Buy; 5 Reasons To Like This Company; Entry Point Will Present Itself
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Price: $31.33 --0%
Rating Summary:
6 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
6 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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UPDATE - Auriga initiates coverage on Patterson Cos. (Nasdaq: PDCO) with a Buy rating. PT $38.
Analyst, Glen Losev, said, "We are positive on the shares of PDCO due to: 1) an improving economic activity in North America which should drive demand; 2) conservative consensus estimates for F2013 and F2014 that, in our view, do not reflect an improving economy and should increase as the year progresses; 3) the company's high mark share position which we expect will continue to increase; 4) the aging of baby boomers which should drive demand for preventive care in the US in both dental and rehabilitation markets; and 5) a very capable management team. These fundamental tailwinds coupled with attractive valuation present a good opportunity to initiate a position in PDCO."
If the stock dips immediately after the company's quarterly earning results, Losev suggests new investors use that as a good entry point.
To see more ratings on PDCO, Click Here
Analyst, Glen Losev, said, "We are positive on the shares of PDCO due to: 1) an improving economic activity in North America which should drive demand; 2) conservative consensus estimates for F2013 and F2014 that, in our view, do not reflect an improving economy and should increase as the year progresses; 3) the company's high mark share position which we expect will continue to increase; 4) the aging of baby boomers which should drive demand for preventive care in the US in both dental and rehabilitation markets; and 5) a very capable management team. These fundamental tailwinds coupled with attractive valuation present a good opportunity to initiate a position in PDCO."
If the stock dips immediately after the company's quarterly earning results, Losev suggests new investors use that as a good entry point.
To see more ratings on PDCO, Click Here
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