Latest Deal May Not Improve Athena Prospects (ATHN, C)

By Benzinga Staff
January 05, 2010 9:19 AM

Symbols: ATHN, C

Posted in: Analyst Color, News, Price Target, Contracts, Markets, Analyst Ratings

Athenahealth Inc.(NASDAQ: ATHN) today announced expansion of services for one of its current customers, a leading community based hospital system in New England.

This deal will cover 500 medical providers, with an additional potential of 1200 medical providers from affiliated networks. Analysts at Citigroup (NYSE: C) have still maintained a Sell valuation and continue to retain an adjusted EPS estimate of $0.90 for 2010. Price target for the scrip is $34 based on a DCF valuation.

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Latest Deal May Not Improve Athena Prospects (ATHN, C)

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