In a report published Friday, Sterne Agee analyst Greg T. Bolan reiterated a Neutral rating on Quality Systems QSII, and raised the price target from $19.00 to $24.00.
In the report, Sterne Agee noted, “Within an 8k filed by Quality Systems last night, it appears the company will pursue an investment bank or management consulting firm to assist in a strategic evaluation of the company. We believe the company is a ‘seller' rather [than] a ‘buyer,' and we believe the NextGen ambulatory platform could dovetail nicely with an acute IT vendor lacking a robust ambulatory platform. Raising PT to $24 from $19.”
Quality Systems closed on Thursday at $22.61.
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