Bank of America Sees Different Deal Strategy for Premier - Premier (NASDAQ:PINC)

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In a report published Friday, Bank of America analyst Robert M. Willoughby reiterated a Buy rating and $40.00 price target on

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Premier

(NASDAQ: PINC).In the report, Bank of America noted, “Demand for PINC's growing array of products and services should increase as members navigate an environment of intensifying cost pressures and changing incentives. We think that the company will grow via the expansion of its existing members and inroads into the alternate site market, a $5 billion cross-selling opportunity, innovation, and acquisitions and/or partnerships.”Premier closed on Thursday at $28.74.