Jefferies analyst Sean Dodge downgraded athenahealth (ATHN) to Underperform with a $105 price target upon assuming coverage of the Healthcare Information Technology space. The downgrade reflects the analyst's concerns with pricing, margins and valuation. Dodge points out that his firm's proprietary pricing model continues to show both quarter-over-quarter and year-over-year deterioration for athenahealth. His top pick in the space is Cerner (CERN), which he assumed with a Buy rating and $78 price target. Dodge also assumed Allscripts (MDRX) with a Buy rating and $15.50 and Quality Systems (QSII) with a Hold rating and $12 price target. After surveying 50 hospital executives, the analyst is "increasingly bullish" on the higher-quality HCIT vendors over the next two years. He sees "robust replacement opportunities and accelerating spending on PopHealth."