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Fly News Breaks for June 6, 2018
ATHN
Jun 6, 2018 | 10:59 EDT
Piper Jaffray analyst Sean Wieland tells investors that he "never thought" he'd see the day that founder and CEO Jonathan Bush would step away from Athenahealth, which Wieland views as "among the highest quality asset in Health I/T." The analyst, who thinks Athenahealth's presence at the point of care and ability to crowd-source best practices in clinical and financial workflow are unsurpassed, argues that the company is going into the strategic alternatives process "from a vantage point of strength." Wieland raised his price target on Athenahealth shares to $179 from $155 and keeps an Overweight rating on the stock, which is up 4% to $157 in late morning trading following the company's announcement.
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