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Fly News Breaks for September 1, 2016
CPSI
Sep 1, 2016 | 07:44 EDT
Leerink analyst David Larsen lowered his price target for Computer Programs to $26 from $45 as he remains cautious on the company and its ability to win significant share in 2016 and 2017. The analyst views Computer Programs' acquisition of Healthland as being one of necessity by both parties, and says that the removal of guidance is due mainly to the volatility in non-recurring business and an indication of challenged fundamentals. Further, Larsen believes Computer Programs will struggle long term in delivering earnings growth. He has a Market Perform on the shares.
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