On Dec 07, major Wall Street analysts update their ratings for $Patterson (PDCO.US)$, with price targets ranging from $23 to $29.
BofA Securities analyst Allen Lutz maintains with a buy rating, and maintains the target price at $29.
Evercore analyst Elizabeth Anderson CFA maintains with a hold rating, and adjusts the target price from $22 to $23.
Baird analyst Jeff Johnson maintains with a hold rating, and adjusts the target price from $28 to $25.
Piper Sandler analyst Jason Bednar maintains with a hold rating, and adjusts the target price from $26 to $24.
Furthermore, according to the comprehensive report, the opinions of $Patterson (PDCO.US)$'s main analysts recently are as follows:
The firm noted that following another EPS miss and guidance reduction, it appears that the company's understanding of their own operations and market conditions, particularly in the dental segment, has not improved as management had earlier expected.
Patterson Companies' Q2 results were described as 'weak' due to challenges in lukewarm end markets along with specific company issues. Although expectations for lowered FY25 earnings predictions were previously present, achieving revised targets remains formidable, as approximately 70% of FY25 EPS is expected to come from the latter half, contrasting with the last three-year average of 59%.
Here are the latest investment ratings and price targets for $Patterson (PDCO.US)$ from 4 analysts:
Note:
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