Patterson Companies downgraded to Sell from Neutral at Goldman Goldman downgraded Patterson (PDCO) due to its leverage to Sirona Dental's (SIRO) new intraoral camera, Omnicam, and potential supply constraints. Price target raised to $33 from $29. Note Goldman downgraded Sirona Dental this morning due to Omnicam concerns.
Patterson Companies added to US 1 List at BofA/Merrill BofA/Merrill added Patterson to the US 1 List based on expectations for more consistent earnings and improving dental demand. Shares are Buy rated with an increased price target of $47 from $44.