UBS Starts Premier, Inc. (PINC) at Neutral

October 6, 2016 6:52 AM EDT
Get Alerts PINC Hot Sheet
Price: $32.22 -0.52%

Rating Summary:
    15 Buy, 3 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 11
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UBS initiates coverage on Premier, Inc. (NASDAQ: PINC) with a Neutral rating and a price target of $32.50.

Analyst Michael Cherny commented, "We are initiative coverage on Premier with a Neutral rating and a $32.50 price target. Premier remains a key consolidator in the GPO market, leveraging its ownership model and expanding position in alternate site of care to drive above-market growth. This provides a base level of mid-single digit revenue generation that also is both visible and strong cash flow generating. However, the slowdown in Performance Services revenue and mix shift to low-margin specialty pharmacy limits profit upside, which we believe leaves a fair risk/reward balance at current levels."

For an analyst ratings summary and ratings history on Premier, Inc. click here. For more ratings news on Premier, Inc. click here.

Shares of Premier, Inc. closed at $31.87 yesterday.

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