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ATHN

athenahealth

$120.98

0.51 (0.42%)

, CERN

Cerner

$71.75

0.23 (0.32%)

09:08
10/13/17
10/13
09:08
10/13/17
09:08

athenahealth likely to lose business from largest client, says Jefferies

Jefferies analyst Sean Dodge learned from two senior leaders at Ascension, athenahealth's (ATHN) largest client, that the faith-based healthcare organization has initiated a significant information technology standardization as part of its population health strategy. A formal decision is still several months away, but the displacement of athenaClinicals was characterized by a senior Ascension leader as "likely," Dodge tells investors in a research note titled "Ascension Standardizing on CERN; Possibly Displacing Some or All of ATHN." Ascension may also decide to replace athenaCollector, the analyst adds. The health system currently employs 7,000 ambulatory doctors, with 97% of those currently using athenaCollector and 70% using athenaClinicals, Dodge points out. He estimates the total relationship to be worth $40M-$50M annually to athenahealth, with the clinicals portion being $8M-$13M of that. The analyst cut his price target for athenahealth shares to $110 from $120 and keeps a Hold rating on the name. He believes the likely loss of Ascension on the clinicals side could mean an even bigger deceleration in athenahealth's revenue growth in 2018 than he's modeling. Dodge also raised his price target on Buy-rated Cerner to $79 from $74. The addition of the 77 Ascension hospitals elevates his confidence in the company's ability to sustain high-single/low-double digit revenue growth.

ATHN

athenahealth

$120.98

0.51 (0.42%)

CERN

Cerner

$71.75

0.23 (0.32%)

  • 20

    Oct

  • 26

    Oct

ATHN athenahealth
$120.98

0.51 (0.42%)

08/01/17
PIPR
08/01/17
NO CHANGE
Target $171
PIPR
Overweight
Piper says athenahealth increased operating leverage should raise multiple
After athenahealth announced that it has identified approximately $100M in cost-savings opportunities, Piper Jaffray analyst Sean Wieland said he believes the company's increased operating leverage should drive multiple expansion. The news that the company will separate its CEO and Chairman roles is both a sign of maturing but also a rebuke of recent performance, added Wieland, who keeps an Overweight rating and $171 price target on athenahealth shares.
08/02/17
RHCO
08/02/17
NO CHANGE
RHCO
athenahealth price target raised to $170 from $150 at SunTrust
SunTrust analyst Sandy Draper raised his price target on athenahealth after the company reported stronger than expected Q2 results. He says that the company "is tracking well" against its full-year guidance, and he expects its margins to increase over the longer term. Draper is upbeat about the changes to the company's management and its cost savings plan. He keeps a Buy rating on the shares.
09/19/17
RBCM
09/19/17
INITIATION
RBCM
Sector Perform
athenahealth initiated with a Sector Perform at RBC Capital
RBC Capital analyst George Hill started coverage of athenahealth with a $153 price target and a Sector Perform rating.
09/19/17
09/19/17
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. Tesla (TSLA) initiated with an Underperform at Jefferies. 2. DowDuPont (DWDP) initiated with a Buy at Argus. 3. Intuit (INTU) initiated with an Outperform at William Blair. 4. CVS Health (CVS) initiated with an Outperform at RBC Capital. 5. athenahealth (ATHN) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
CERN Cerner
$71.75

0.23 (0.32%)

08/10/17
08/10/17
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. Cerner (CERN) upgraded to Equal Weight from Underweight at Morgan Stanley. 2. Stratasys (SSYS) upgraded to Buy from Neutral at Citi with analyst Kenneth Wong saying the company's fiscal 2017 targets are achievable following its "strong" second quarter results. The analyst lowered his price target for the shares to $29 from $32. 3. Vantiv (VNTV) upgraded to Buy from Hold at Stifel with analyst John Davis saying the company's acquisition of WorldPay is "transformative" and "a strategic home run." 4. Autohome (ATHM) was upgraded to Buy from Hold at Benchmark and Deutsche Bank. 5. Cubic (CUB) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Strouse citing valuation with the shares down 14% since the third quarter report on August 3. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/17
WELS
09/07/17
NO CHANGE
WELS
Outperform
Cerner prime role on VA contract could add $1B to revenue, says Wells Fargo
Wells Fargo analyst Jamie Stockton said that after catching up with Cerner management at the firm's conference he came away with the impression that the company "feels very good" about being named prime contractor by the Department of Veterans Affairs, which they noted would like to "move fast." No dollar amount has been disclosed for a VA deal, but he thinks having a prime role could add as much as $1B to Cerner's revenue in 2019 or 2020, Stockton tells investors. He keeps an Outperform rating on Cerner shares.
09/19/17
RBCM
09/19/17
INITIATION
RBCM
Top Pick
Cerner initiated with a Top Pick at RBC Capital
RBC Capital analyst George Hill started coverage of Cerner with a Top Pick rating and an $84 price target. The analyst says that the company's government contracts leave it poised " to deliver near to medium term positive revenue and earnings surprise that is underappreciated by the market" He thinks that it will :continue to "take share in a growing market," while it has a very strong HCIT business.
10/12/17
PIPR
10/12/17
NO CHANGE
Target $77
PIPR
Overweight
Cerner price target raised to $77 from $70 at Piper Jaffray
Piper Jaffray analyst Sean Wieland raised his price target for Cerner to $77 following the company's annual user conference. The analyst learned the Department of Defense implementation is progressing and that the anticipated Veterans Affairs contract may be less complex. Cerner has "opportunities abound" in the areas of revenue cycle, artificial intelligence, and telehealth, Wieland tells investors in a research note. He reiterates an Overweight rating on the shares.

TODAY'S FREE FLY STORIES

SYNT

Syntel

$24.30

5.2 (27.23%)

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QD

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ABT

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$55.06

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
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Recommendations
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  • 17

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The Heritage Foundation hosts President Trump »

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  • 03

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CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

18:35
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Earnings
Pinnacle Financial reports Q3 adjusted EPS 90c, consensus 74c »

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

18:07
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Fulton Financial sees FY17 loans & deposits growth mid to high single digits »

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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

18:07
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FULT

Fulton Financial

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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

17:45
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Hot Stocks
Hilton Grand Vacations acquires Sunrise Lodge, terms not disclosed »

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  • 30

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

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$20.48

0.04 (0.20%)

17:42
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Hot Stocks
PRGX Global signs multi-year technology services contract with Kroger »

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

KR

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$20.48

0.04 (0.20%)

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UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
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Earnings
United Security Bank reports Q3 EPS 16c versus 12c in year-ago period »

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UBSH

Union Bankshares

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-0.18 (-0.51%)

, XBKS

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$32.77

-0.07 (-0.21%)

17:35
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OMAB

OMA Airports

$41.34

0.28 (0.68%)

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IBM

IBM

$146.54

-0.29 (-0.20%)

17:34
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Earnings
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OMAB

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Earnings
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SCSS

Select Comfort

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-0.17 (-0.56%)

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  • 17

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IBM

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-0.29 (-0.20%)

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IBM

IBM

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-0.29 (-0.20%)

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PAYX

Paychex

$62.90

-0.55 (-0.87%)

17:31
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  • 22

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VZ

Verizon

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0.31 (0.64%)

17:24
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SCSS

Select Comfort

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  • 17

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IBM

IBM

$146.54

-0.29 (-0.20%)

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