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Fly News Breaks for May 8, 2018
ATHN
May 8, 2018 | 08:50 EDT
Baird analyst Matthew Gillmor said there appears to be a strong view that athenahealth is worth more than the $160 offer from Elliot Management. The analyst said it is uncertain the degree of support for the bid by shareholders and whether management would willingly initiate a sales process. He said there could be meaningful upside if the company attracts strategic bidders. Gilmor reiterated his Outperform rating and raised his price target to $160 from $150 on athenahealth shares.
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