UPDATE: Morgan Stanley Downgrades Quality Systems to Underweight, Lowers PT on Challenging Positioning

In a report published Wednesday, Morgan Stanley analyst Ricky R. Goldwasser downgraded the rating on Quality Systems QSII from Equal-Weight to Underweight, and lowered the price target from $17.00 to $15.00. 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 and small hospitals, representing QSII core end market, to join larger hospital systems putting pressure on QSII growth opportunities and earnings trajectory. Ambulatory/inpatient offerings lag in transition to SaaS. Strategic evaluation process initiated by the board appears to have stalled.” Quality Systems closed on Tuesday at $15.65.
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Posted In: Analyst ColorDowngradesAnalyst RatingsMorgan StanleyRicky R. Goldwasser
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