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Fly News Breaks for September 20, 2019
PINC
Sep 20, 2019 | 08:47 EDT
Jefferies analyst Jason Plagman assumed coverage of Premier with a Buy rating and $43 price target, down from the firm's previous $50 target, stating that he does not think current valuation reflects the strength of Premier's recurring revenue, "robust" margins and free cash flow. He sees the current valuation pricing in minimal, or even negative, long-term EBITDA growth, which seems overly pessimistic given the company's strong client retention and strategic positioning, Plagman tells investors.
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