Information Provided By:
Fly News Breaks for November 14, 2018
MDRX
Nov 14, 2018 | 08:40 EDT
As reported earlier, Argus analyst Jasper Hellweg downgraded Allscripts to Hold from Buy, saying the company has posted lower bookings and declining margins for two consecutive quarters while its shares have also underperformed the market for the past 1 and 5 years. The analyst further cites Allscripts' management reduced expectations for 2018, anticipating earnings to come in at the low end of its prior guidance range, with added concerns coming from the company's above-peer-average debt ratios and declining cash balance. Hellweg adds that he "would consider an upgrade if the company is able to strengthen its balance sheet and significantly improve margins and earnings."
News For MDRX From the Last 2 Days
There are no results for your query MDRX