Wells Fargo Maintains an 'Outperform' on athenahealth (ATHN); Triple-Barrel Deal Significantly Improves Visibility

July 18, 2012 12:20 PM EDT
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Price: $122.26 +0.35%

Rating Summary:
    17 Buy, 13 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wells Fargo maintains an 'Outperform' on athenahealth (NASDAQ: ATHN).

Analyst, Jamie Stockton, said, "athenahealth announced a triple-barrel deal with HMA this morning for about 900 physicians and 300 NPs/PAs. We expect most of the implementations to hit the ''doc add'' numbers in the first half of 2013, improving visibility significantly for the 2013 enterprise contribution. Quality Systems (Nasdaq: QSII) is losing HMA."

For an analyst ratings summary and ratings history on athenahealth click here. For more ratings news on athenahealth click here.

Shares of athenahealth closed at $79.16 yesterday.

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