Oppenheimer Raises Price target on The Advisory Board (ABCO) Following Investor Day

September 27, 2016 9:35 AM EDT
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Price: $42.75 +0.12%

Rating Summary:
    12 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 16 | New: 10
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Oppenheimer reiterated an Outperform rating on Advisory Board Company (NASDAQ: ABCO), and raised the price target to $49.00 (from $45.00), following the company's investor day. Oppenheimer came away from the event with a better understanding of the company's new Planning 20/20 and sales force reorganization initiatives.

Analyst Mohan Naidu commented, "We attended ABCO's annual investor day at its Washington D.C. headquarters yesterday. We came away with a better understanding of its new Planning 20/20 and sales force reorg initiatives, which should help lift CV in CY17. We also increased our confidence in the member value (ROI) derived on both the core healthcare and higher education sides. Our detailed note includes examples of research insights, innovative tools, and expectations for important healthcare trends such as valuebased payments and MACRA. We reiterate our Outperform rating, raising our target from $45 to $49, on 12x our CY17 Adj. EBITDA estimate (was 11x)."

For an analyst ratings summary and ratings history on Advisory Board Company click here. For more ratings news on Advisory Board Company click here.

Shares of Advisory Board Company closed at $43.41 yesterday.

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