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2017-05-19 07:37:23 ATHN athenahealth $130.07 23.79 (22.38%) 07:37 05/19/17 05/19 07:37 05/19/17 07:37	athenahealth price target raised to $140 from $105 at Leerink Leerink analyst David Larsen raised his price target for athenahealth to $140 citing the involvement of activist investor Elliott Associates. Elliott has run a "large number of successful campaigns" that have resulted in returns of 26%-plus across a large sample of investments, Larsen tells investors in a research note. He expects the activist to pursue a "wide array of strategic options" in an effort to unlock shareholder value. Larsen keeps a Market Perform rating on athenahealth.	22 May 07 Jun
ATHN athenahealth $130.07 23.79 (22.38%) 05/18/17 PIPR 05/18/17 NO CHANGE PIPR Overweight Piper says selling athenahealth at this point a bad 'get rich quick' strategy After activist investor Elliot Associates disclosed a 9.3% stake in athenahealth, Piper Jaffray analyst Sean Wieland said he agrees "wholeheartedly" that the shares are undervalued, but he contends that selling the company at this point does not line up well with the goals of stakeholders and would be no more than a "get rich quick" strategy. The analyst, in a note entitled "Nobody Puts Johnny in a Corner," said the company's takeover defenses are strong and he believes the greatest opportunity is to let founder and CEO Jonathan Bush work on disrupting the status quo in healthcare. However, if Elliott could help implement more operational discipline, "everyone wins," said Wieland, who keeps an Overweight rating on the shares. 05/19/17 JEFF 05/19/17 UPGRADE Target $135 JEFF Hold athenahealth upgraded to Hold from Underperform at Jefferies Jefferies analyst Sean Dodge upgraded athenahealth to Hold saying the involvement of activist Elliott Associates limits near-term downside and increases the chances of a sale. The analyst remains concerned about the company's fundamentals, however. A sale is a low probability event but can't be ruled out, Dodge tells investors in a research note. He upped his price target for athenahealth to $135 from $95. 05/19/17 OPCO 05/19/17 NO CHANGE Target $154 OPCO Outperform athenahealth price target raised to $154 from $119 at Oppenheimer Oppenheimer analyst Mohan Naidu raised his price target for athenahealth to $154 after hosting investor meetings with management. The analyst hopes the presence of Elliott Management "doesn't drastically change the focus on creating the disruptive next-generation healthcare platform for near-term gain." He notes that management expressed confidence in their new guidance. Naidu keeps an Outperform rating on athenahealth. 05/19/17 RBCM 05/19/17 NO CHANGE RBCM athenahealth price target raised to $150 from $120 at RBC Capital RBC Capital increased its price target on athenahealth after activist Elliott Associates became involved in the company. The analyst thinks that Elliott's involvement lowers downside risk, and he says that athenahealth could be acquired for $135-$150 per share. However, he thinks that the company's staggered board and its CEO could create "challenges to activism." But he thinks the activist stake should raise the stock's floor, and he keeps a Buy rating on the name.

2017-05-19 07:37:23

ATHN

athenahealth

$130.07: 23.79 (22.38%)

07:37

05/19/17

05/19

07:37

05/19/17

07:37

athenahealth price target raised to $140 from $105 at Leerink

Leerink analyst David Larsen raised his price target for athenahealth to $140 citing the involvement of activist investor Elliott Associates. Elliott has run a "large number of successful campaigns" that have resulted in returns of 26%-plus across a large sample of investments, Larsen tells investors in a research note. He expects the activist to pursue a "wide array of strategic options" in an effort to unlock shareholder value. Larsen keeps a Market Perform rating on athenahealth.

22
May
07
Jun

ATHN athenahealth

$130.07: 23.79 (22.38%)

05/18/17: PIPR

05/19/17: JEFF

05/19/17: OPCO

05/19/17: RBCM

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athenahealth price target raised to $140 from $105 at Leerink

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