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Fly News Breaks for September 26, 2019
PINC
Sep 26, 2019 | 06:58 EDT
Benchmark analyst Bill Sutherland said yesterday's 9% pullback in Premier shares to a 52-week low, which was prompted by a short report, has created a better entry point into the stock for investors. The report focused on potential for non-renewals of two 7-year contracts in Premier's group purchasing business, though management yesterday indicated that negotiations are underway and "proceeding constructively," according to Sutherland, who keeps a Buy rating and $46 price target on Premier shares.
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