UPDATE: Morgan Stanley Downgrades Quality Systems to Equal-Weight
Morgan Stanley cuts its rating on Quality Systems (NASDAQ: QSII) to Equal-weight from Overweight on a risk-reward profile that is more balanced.
Morgan Stanley comments, "We downgrade QSII to Equal-weight due to a more balanced risk/reward profile. We see limited potential for upside to consensus estimates given a decelerating top line, increased downstream competition from hospital HCIT vendors, and the lack of traction at new businesses (such as RCM)."
QSII closed at $43.11 on Wednesday.
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