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Fly News Breaks for August 23, 2016
PINC
Aug 23, 2016 | 06:44 EDT
As previously reported, Evercore ISI downgraded Premier to Hold from Buy with a new price target of $34. Analyst Ross Muken said Performance Service revenue was flat year-over-year on an organic basis, free cash flow continues to be unimpressive, and EBITDA margins have been significantly compressed by M&A driven mix shift.
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