In a report published Thursday, Morgan Stanley analyst Ricky R. Goldwasser upgraded Quality Systems QSII from Underweight to Equal-Weight, but removed the $17.00 price target.
In the report, Morgan Stanley noted, “Quality Systems is a vendor of software and services for physician offices and community hospitals. Reimbursement pressure and increased costs have been driving physicians, representing QSII end market, to join hospital markets putting pressure on QSII growth opportunities and earnings. However, strategic evaluation process initiated by the board will likely provide downside support to shares in the near term.”
Quality Systems closed on Wednesday at $21.84.
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