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MDRX

Allscripts

$11.67

-0.25 (-2.10%)

, MCK

McKesson

$155.34

-4.27 (-2.68%)

16:19
08/03/17
08/03
16:19
08/03/17
16:19

Allscripts to acquire McKesson business for $185M in cash

Allscripts (MDRX) announced a definitive agreement to acquire McKesson Corporation's (MCK) hospital and health system IT business, Enterprise Information Solutions, for $185M in cash, subject to adjustment for net debt and working capital. This transaction is targeted to close early in Q4 of calendar 2017, subject to the satisfaction of customary closing conditions, including the expiration or termination of the waiting period under U.S. antitrust laws. Allscripts intends to fund the purchase price through its existing secured credit facilities and cash balances.

MDRX

Allscripts

$11.67

-0.25 (-2.10%)

MCK

McKesson

$155.34

-4.27 (-2.68%)

  • 03

    Aug

  • 20

    Sep

  • 21

    Sep

MDRX Allscripts
$11.67

-0.25 (-2.10%)

06/19/17
LEER
06/19/17
DOWNGRADE
Target $13
LEER
Market Perform
Allscripts downgraded to Market Perform from Outperform at Leerink
Leerink analyst David Larsen downgraded Allscripts (MDRX) to Market Perform and lowered his price target for the shares to $13 from $15. The analyst sees "significant attrition risk" to the company's Sunrise base as his channel checks indicate Cerner (CERN) and Epic are winning the vast majority of share. Further, the Republican healthcare bill "may put even more pressure on hospital budgets," Larsen tells investors in a research note.
05/25/17
JEFF
05/25/17
NO CHANGE
JEFF
After hospital survey, Jefferies says buy Allscripts and Cerner
Jefferies analyst Sean Dodge says his survey of hospital executives indicates the pace of bookings growth for EHR vendors will continue uninterrupted despite the political uncertainty overhanging the space. Concerns of a slowdown are weighing on valuations, Dodge tells investors in a research note. He likes shares of Allscripts (MDRX) and Cerner (CERN) for their "integrated platforms and exposure to the hospital market." The analyst recommends buying both stocks.
05/15/17
05/15/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Jazz Pharmaceuticals (JAZZ) initiated with an Outperform at RBC Capital. 2. Visteon (VC) initiated with a Sector Perform at RBC Capital. 3. Allscripts (MDRX) initiated with a Neutral at BofA/Merrill. 4. Independent Bank (INDB) initiated with a Neutral at Piper Jaffray. 5. Karyopharm (KPTI) initiated with an Overweight at Cantor. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/17
BOFA
05/15/17
INITIATION
Target $14
BOFA
Neutral
Allscripts initiated with a Neutral at BofA/Merrill
BofA/Merrill initiated Allscripts with a Neutral and a $14 price target.
MCK McKesson
$155.34

-4.27 (-2.68%)

06/29/17
LEER
06/29/17
NO CHANGE
Target $170
LEER
Market Perform
McKesson price target raised to $170 from $140 at Leerink
Leerink analyst David Larsen raised his price target for McKesson to $170 following the company's analyst day. The depth of the company's specialty solutions and expansion activities impressed us, but no new long-term operating earnings goals were provided, Larsen tells investors in a research note. The analyst remains skeptical on McKesson's ability to get back to double digit earnings growth in the near-term and keeps a Market Perform rating on the shares.
05/24/17
MSCO
05/24/17
NO CHANGE
Target $179
MSCO
Overweight
McKesson price target raised to $179 on earnings acceleration at Morgan Stanley
Morgan Stanley analyst Ricky Goldwasser raised McKesson's price target to $179 from $164 saying 2018 guidance sets a path for earnings acceleration over the next 18 months supported by improved sourcing, easing comps, and acquisitions. Shares of McKesson are Overweight rated.
05/23/17
05/23/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McKesson (MCK) upgraded to Overweight from Neutral at JPMorgan with analyst Lisa Gill saying she believes additional value should be unlocked from the Change transaction and that the valuation discount versus peers is unwarranted. 2. Aegion (AEGN) upgraded to Buy from Hold at Craig-Hallum with analyst Eric Stine saying the recent pullback provides an attractive opportunity to own a "high-quality company" with positive trends across much of its business. 3. Wingstop (WING) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Karen Holthouse saying there is upside to her $36 price target. Holthouse believes Wingstop is well positioned for digital ordering and off-premise tailwinds and expects an acceleration in same-store-sales driven by national advertising momentum. 4. Parexel (PRXL) upgraded to Neutral from Sell at Goldman Sachs with analyst Robert Jones citing reduced consensus expectations and industry consolidation. 5. On Deck Capital (ONDK) upgraded to Outperform from Market Perform at FBR Capital with analyst Bob Ramsey saying he believes the company's path to profitability creates "significant" upside for the shares over the next 12 months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/23/17
JPMS
05/23/17
UPGRADE
Target $189
JPMS
Overweight
McKesson upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Lisa Gill upgraded McKesson to Overweight and raised her price target for the shares to $189 from $167. The analyst believes additional value should be unlocked from the Change transaction and that the valuation discount versus peers is unwarranted.

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16:36
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General news
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