Auriga Maintains a 'Hold' on Henry Schein (HSIC); Solid Q1, But Lack of Visibility Keeps Us Sidelined

Auriga maintains a 'Hold' on Henry Schein (NASDAQ: HSIC) price target of $73.00.

Analyst, Glen Losev, said, "HSIC reported a solid 1Q12, highlighted by an EPS beat driven by better than expected revenue growth coming from all business segments and focused cost management. Management indicated that European markets are mixed, but overall better than what we expected with SPA, POR, ITA and UK markets challenging, while GER and FRA performed positively. The current instability in European economies , further increased by elections in France and Greece , has increased uncertainty surrounding the recent austerity measures. This instability, and a continued slowing of global economic growth, should weigh on shares of HSIC given its exposure to international markets (36% of revenue). EPS 1Q12 clean, beats consensus on better revenue growth and margin expansion."

For an analyst ratings summary and ratings history on Henry Schein click here. For more ratings news on Henry Schein click here.

Shares of Henry Schein closed at $77.53 yesterday.

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