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Fly News Breaks for September 7, 2018
QSII
Sep 7, 2018 | 15:28 EDT
Piper Jaffray analyst Sean Wieland raised his price target on Quality Systems to $26 following the company's Analyst Day, saying its "pivot to growth" plans are "aspirational" in targeting mid-teen revenue expansion. The analyst expects cross-selling opportunities and competitive displacements to support the sales gains, adding that his price target still assumes the 25-times forward earnings multiple with a roll out to 2020. Wieland keeps his Overweight rating on Quality Systems.
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