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Fly News Breaks for August 23, 2019
CPSI
Aug 23, 2019 | 09:37 EDT
SunTrust analyst Sandy Draper lowered his price target on Computer Programs to $25 and kept his Hold rating, saying the company's negative growth trajectory for backlog, bookings, and revenues seen in the Q2 results released earlier this month highlighted its "challenging" end markets. The analyst notes that Computer Programs' revenue is on track to be negative in 2019, adding that while the company's stock may look "cheap", he is not "confident" that his earnings estimates have bottomed out. Draper also lowers his FY19 and FY20 EPS views by 15c and 31c to $2.37 and $2.38 respectively.
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