Fly News Breaks for May 2, 2019
May 2, 2019 | 07:03 EDT
Citi analyst Stephanie Demko last night upgraded Premier to Buy from Neutral with an unchanged price target of $45. The stock has traded in 20% since the Stanson Health acquisition, Demko tells investors in a research note. The analyst, however, sees value in Premier's "steady" GPO business model and "healthy" free cash flow generation. She views the company as a "defensive play in a volatile tape with capped downside risk."
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