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Fly News Breaks for August 13, 2019
PINC
Aug 13, 2019 | 06:25 EDT
Credit Suisse analyst Jailendra Singh assumed coverage of Premier and downgraded the shares to Neutral from Outperform with a price target of $42, down from $43. While Premier should benefit from cross-selling opportunities across its customer base, its Performance Services growth has slowed from low double digits two years ago to low- to mid-single digit, Singh tells investors in a research note. The analyst believes the company's fiscal 2020 earnings guidance could miss expectations.
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