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Fly News Breaks for May 17, 2018
ATHN
May 17, 2018 | 08:37 EDT
Jefferies analyst Sean Dodge raised his price target for athenahealth to $160 from $130 saying he views the risk/reward as balanced at current share levels despite Elliott Management's $160-plus offer. athenahealth does not appear to be a willing seller, Dodge tells investors in a research note. He also does not see any likely strategic suitors, meaning that if a deal gets done, it will be to a financial buyer. The analyst's valuation work caps upside of athenahealth shares at $170 and downside at $120. Dodge keeps a Hold rating on the name.
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