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UPDATE: Citigroup Raises PT to $65 on Computer Programs & Systems on Execution

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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.

Latest Ratings for CPSI

DateFirmActionFromTo
Feb 2016KeyBancMaintainsUnderweight
Feb 2016SunTrust Robinson HumphreyMaintainsBuy
Jan 2016Topeka CapitalUpgradesHoldBuy

View More Analyst Ratings for CPSI
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

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