UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Allscripts Healthcare Solutions
In a report published Monday, Sterne Agee Group reiterated its Buy rating on Allscripts Healthcare Solutions (NASDAQ: MDRX), and raised its price target from $13.50 to $15.00.
Sterne Agee noted, “Our analysis suggests a $15-19 valuation range for MDRX shares should a go-private transaction be consummated by year-end. At the low end, this valuation range is 20% above today's closing price, while the top end implies 50% upside. As such, we have raised our price target to $15 per share from $13.50.”
Allscripts Healthcare Solutions closed on Friday at $12.42.
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Tags: Sterne Agee Group