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Fly News Breaks for December 7, 2016
ATHN
Dec 7, 2016 | 07:50 EDT
Baird analyst Matthew Gillmor lowered his price target on athenahealth to $150 from $175 citing weakening sentiment heading into the company's IR Summit next week. The analyst notes concerns around the macro-environment, slowing bookings growth, and rumored customer churn. Gillmor noted athenahealth shares are volatile, but thinks the risk/reward is favorable, although he adds that it will take a large Enterprise win to support a sustained rally. Gillmor maintained his Outperform rating on athenahealth shares.
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