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MDRX

Allscripts

$11.27

0.08 (0.71%)

08:14
11/29/16
11/29
08:14
11/29/16
08:14

Allscripts subsidiary 2bPrecise enters partnership with Holston Medical Group

2bPrecise LLC, a wholly owned subsidiary of Allscripts Healthcare, will deploy its cloud-based genomics and precision medicine solution at Holston Medical Group. HMG is one of the largest multi-specialty providers in the Southeastern United States, and a national leader in clinical research and EHR integration. The organization will use the clinical-genomic solution in the areas of behavioral health to improve the quality of patient care and patient-reported outcomes.

MDRX Allscripts
$11.27

0.08 (0.71%)

10/28/16
JPMS
10/28/16
INITIATION
Target $15
JPMS
Overweight
Allscripts assumed with an Overweight at JPMorgan
JPMorgan analyst Stephanie Davis assumed coverage of Allscripts with an Overweight rating and $15 price target after taking over lead coverage from Lisa Gill.
10/28/16
10/28/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. L-3 Communications (LLL) initiated with an Outperform at Baird and a Hold at Vertical Research. 2. Twilio (TWLO) initiated with a Neutral at MUFG. 3. Cotiviti Holdings (COTV) assumed with an Overweight at JPMorgan. 4. Raytheon (RTN) and General Dynamics (GD) were initiated with a Buy at Vertical Research while the firm initiated Boeing (BA) and Northrop Grumman (NOC) with a Hold. 5. Allscripts (MDRX) assumed with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/10/16
DBAB
11/10/16
DOWNGRADE
DBAB
Hold
Allscripts downgraded to Hold from Buy at Deutsche Bank
11/10/16
DBAB
11/10/16
DOWNGRADE
DBAB
Hold
Cerner, Allscripts downgraded to Hold on ACA uncertainty at Deutsche Bank
As previously reported, Deutsche Bank analyst George Hill downgraded Cerner (CERN) and Allscripts (MDRX), both to Hold from Buy, citing the "high likelihood" that the Affordable Care Act gets repealed or significantly scaled back following the election of Donald Trump. Given the likely repeal, and uncertainty on what will replace the ACA, Hill sees a less certain outlook for hospital based IT spending. Hill cut his price target on Cerner to $50 from $58 and on Allscripts to $11 from $14.

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