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Fly News Breaks for May 7, 2019
CPSI
May 7, 2019 | 07:01 EDT
SunTrust analyst Sandy Draper lowered his price target on Computer Programs to $30 and kept his Hold rating after its Q1 results last week, saying he was most concerned by the "continued pressure" in its core business with recurring revenues falling 3.6% from last year. The analyst believes that the company's recurring System Sales and Support revenue is on track for a 2% decline this year - down for the third consecutive year - also lowering his FY19 EPS view by 24c to $2.52 and FY20 by 18c to $2.69.
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