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Fly News Breaks for May 19, 2017
QSII
May 19, 2017 | 10:59 EDT
Piper Jaffray analyst Sean Wieland said after Quality Systems' Q4 report and FY18 guidance that the "bleeding has stopped" for the company and its statements regarding bookings on its earnings call signal a stronger outlook. However, consensus views "remain stubbornly bearish," said Wieland, who sees continued execution and stable results eventually driving a sentiment shift. He keeps an Overweight rating and $16 price target on Quality Systems shares.
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