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Fly News Breaks for April 14, 2016
CPSI
Apr 14, 2016 | 08:21 EDT
As previously reported, Baird analyst Matthew Gillmor downgraded Computer Programs to Neutral from Outperform citing the stock's outperformance compared to sector peers and the broader markets over the past several months along with less conviction in material upside to its first quarter results. Gillmor also noted that Healthcare IT stocks historically have underperformed beginning 6-9 months after announcing a major acquisition, such as Computer Programs' deal for Healthland, though he said there is reason to believe Healthland is a "lower risk" acquisition and this case may be an exception. The analyst lowered his price target on the stock to $59 from $65.
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