Jefferies Has Thoughts On The Health Care IT Sector (ATHN, QSII)
Jefferies & Co. has some thoughts on the health care IT sector. In the report, Jefferies covers athenahealth, Inc (NASDAQ: ATHN), and Quality Systems, Inc. (NASDAQ: QSII). It rates both companies at Buy. It has a $29 and $62 price target on both companies, respectively.
In a note to clients, Jefferies writes, "athenahealth (NASDAQ: ATHN) and Quality Systems (NASDAQ: QSII) lead the way with 36% and 34% short float, respectively. Owens & Minor (NYSE: OMI) and PSS World Medical (NASDAQ: PSSI) top the distribution list. ATHN's short position stays put until the company can shake the notion that growth expectations are too high. QSII doubters point to a track record of revenue shortfalls over the last handful of quarters. On OMI and PSSI, softness in utilization trends and thus lower demand for medical supplies by hospitals and physicians support a thesis of revenue challenges in upcoming quarters."
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