In a report published Monday, Sterne Agee analyst Greg T. Bolan upgraded Quality Systems QSII from Neutral to Buy, and raised the price target from $24.00 to $28.00.
In the report, Sterne Agee noted, “We believe myopia has fully set in as it relates to Quality Systems' future prospects. Unlike consensus, we believe an inflection point is on the horizon for Quality's earnings power and think current Street estimates are too low. We foresee meaningful improvement in EBITDA and EPS growth in CY14. Upgrading to Buy and raising PT to $28 from $24.”
Quality Systems closed on Friday at $21.15.
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