Goldman Sachs Maintains Neutral on Patterson Cos, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rich has maintained a Neutral rating on Patterson Companies (NASDAQ:PDCO) but has reduced the price target from $35 to $30.
November 30, 2023 | 2:53 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral rating on Patterson Companies and lowers the price target from $35 to $30.
The reduction in price target by Goldman Sachs suggests a downward revision of the company's valuation, which could lead to a negative short term impact on the stock price. As the rating remains Neutral, the impact is not expected to be as significant as it would be with a downgrade to Sell.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100