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Fly News Breaks for September 8, 2016
MDRX
Sep 8, 2016 | 05:49 EDT
Cowen analyst Charles Rhyee downgraded Allscripts to Market Perform saying valuation reflects moderating long-term growth expectations driven by a more mature core EHR market and lack of new revenue growth opportunities. The analyst said Allscripts reliance on services in a period of continued decline in system sales also continues to pressure top-line growth and lowered his price target on shares to $14 from $17.
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