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UPDATE: Citigroup Cuts PT to $13 on Quality Systems on Reduced Estimates

Related QSII
Quality Systems Faces A Ton Of Challenges
12 Stocks Moving In Thursday's After-Hours Session

Citigroup reiterated its Sell rating on Quality Systems (NASDAQ: QSII) and reduced its price target from $16 to $13.

Citigroup noted, "We believe the large physician group segment that is Quality's target market is reaching high levels of saturation for EMR systems and that Quality is losing market share in other segments. We think the evolution to ACO systems will result in more of physician groups aligning with hospitals and adopting the HCIT system in use at the hospital, resulting in displacements at QSII customers and lowering maintenance revenue and margins. ATHN sells to a similar market and has noted longer sales cycles, which is also negative for Quality."

Quality Systems closed at $16.89 on Thursday.

Latest Ratings for QSII

Jan 2016JefferiesUpgradesNeutralOverweight
Jan 2016Raymond JamesUpgradesMarket PerformOutperform
Nov 2015JP MorganAssumesNeutral

View More Analyst Ratings for QSII
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Posted-In: CitigroupAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings


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