UPDATE: Jefferies Initiates Coverage on Premier with Buy Rating, $36 PT on Unique Business Model

In a report published Wednesday, Jefferies analyst Sean Dodge initiated coverage on Premier PINC with a Buy rating and $36.00 price target. In the report, Jefferies noted, “We recommend buying PINC, one of the best-positioned informatics vendors, to capitalize on the ongoing shift to population health management (PHM). Its unique client alignment, large client base, access to vast amounts of data, and integrated solutions set it apart from peers. Premier helps providers deliver higher-quality care at reduced costs. Demand for its solutions should grow as HC reform progresses and the profitability pressures on providers intensify.” Premier closed on Tuesday at $28.54.