UPDATE: Citigroup Raises PT to $65 on Computer Programs & Systems on Execution
Citigroup reiterated its Neutral rating on Computer Programs & Systems (NASDAQ: CPSI) but raised its price target from $63 to $65.
Citigroup commented, "We recently hosted investor meetings with CPSI's CEO Boyd Douglas. Investors would be hard pressed to find an HCIT company that is delivering better results for its clients right now than CPSI. The modest CEO quietly makes the point that no company is doing a better job of getting its clients to Meaningful Use. We left the meetings more comfortable with the company's ability to collect on the contingent collection sales contracts and are raising our estimates."
Computer Programs & Systems closed at $55.09 on Friday.
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