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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Allscripts Healthcare Solutions

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RBC Capital Downgrades Allscripts Healthcare Solutions To Sector Perform

In a report published Friday, Jefferies & Company reiterated its Hold rating on Allscripts Healthcare Solutions (NASDAQ: MDRX), but lowered its price target from $13.00 to $10.00.

Jefferies noted, “This morning's call revealed few additional details of the bidding process and outcome. Deal will not bail investors out of this name in 2012. MDRX's new management seems intent on executing the existing strategy: offering an integrated solution and building out its service portfolio. After today's trading the stock is cheap, but we would like to see evidence of traction to ensure EBITDA doesn't shrink further.”

Allscripts Healthcare Solutions closed on Thursday at $9.14.

Latest Ratings for MDRX

DateFirmActionFromTo
Nov 2014RBC CapitalDowngradesOutperformSector Perform
Nov 2014Evercore PartnersDowngradesBuyHold
Nov 2014Credit SuisseMaintainsOutperform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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