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Fly News Breaks for November 26, 2019
CPSI
Nov 26, 2019 | 08:11 EDT
SunTrust analyst Sandy Draper raised his price target on Computer Programs to $30 after its Q3 earnings beat earlier this month, with potential for better Q4 boosting his FY19 forecast by a "few EPS". The analyst still keeps his Hold rating on the stock, noting that the company's backlog and bookings trend implies limited revenue upside and a lower margin mix that should constrain Computer Programs' earnings growth in the next two years to a compound annual rate of below 4%. Draper further cites the company's lack of visible catalysts for revenue and earnings accceleration.
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