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Fly News Breaks for December 13, 2016
MDRX
Dec 13, 2016 | 08:42 EDT
Morgan Stanley analyst Ricky Goldwasser assumed coverage on Allscripts and downgraded shares to Underweight from Overweight and lowered its price target to $10 from $16. The analyst believes potential changes to ACA will result in a slowdown in hospital spending until there is clarity, resulting in slower decision and undertaking of new healthcare IT projects. Goldwasser believes Allscripts could establish a new guidance range of 1%-5% on the Q4 conference call.
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