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Fly News Breaks for August 23, 2016
PINC
Aug 23, 2016 | 07:28 EDT
SunTrust analyst Sandy Draper says that Premier's "bread and butter" supply chain business "showed continued strength" last quarter, despite the company's EBITDA and EPS miss. The analyst notes that the company's profitability was hurt by a $4M-$5M severance charge, and he says that its fiscal 2017 guidance "was basically in-line." Draper keeps a Buy rating on the shares.
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