Market Overview

UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Allscripts Healthcare Solutions

Share:
Related MDRX
Allscripts Shares Upgraded To Outperform By Leerink
Benzinga's Top Upgrades
Healthcare IT: A Large And Growing Market (Seeking Alpha)

In a report published Wednesday, Citigroup reiterated its Neutral rating on Allscripts Healthcare Solutions (NASDAQ: MDRX), and slightly raised its price target from $10.50 to $11.00.

Citigroup noted, “We believe Allscripts faces significant challenges on the product development and sales execution fronts, but many of these challenges are priced into the stock. We are modestly raising our 2012 and 2013 EPS estimates on the company's recent aggressive repurchase of shares. We are not yet ready to get more positive on the shares, but could be in a position to do so if we believe the company can fix its operational issues and restore faith to its customer base.”

Allscripts Healthcare Solutions closed Tuesday at $9.79.

Latest Ratings for MDRX

DateFirmActionFromTo
Aug 2016Leerink SwannUpgradesMarket PerformOutperform
Aug 2016Goldman SachsMaintainsNeutral
Aug 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for MDRX
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (MDRX)

View Comments and Join the Discussion!