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) and reduced the price target from $35 to $30.

December 01, 2023 | 3:09 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Neutral stance on Patterson Companies but lowers the price target from $35 to $30, indicating a potential downside or limited upside.
The reduction in price target by a major analyst like Goldman Sachs can lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price. The Neutral rating indicates that the analyst does not see significant upside potential in the stock, which could further contribute to cautious or negative investor outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100