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Fly News Breaks for May 29, 2015
W, ATHN
May 29, 2015 | 10:14 EDT
Piper Jaffray said Jeremy Delinsky's departure as Chief Product Officer of athenahealth (ATHN) to join Wayfair (W) is a "big deal" and could come as a surprise, but the firm believes athenahealth cultivates great talent and will be able to fill the spot with a talented new executive. The firm said the change doesn't alter its near-term or long-term view of the company and it reiterates its Overweight rating and $173 price target on athenahealth shares.
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