UPDATE: Oppenheimer Starts Advisory Board Company (ABCO) at Outperform
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Rating Summary:
7 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Oppenheimer initiated coverage on Advisory Board Company (NASDAQ: ABCO) with an Outperform rating and a price target of $65. Analyst Mohan Naidu noted the company's strengthening position in healthcare and higher ed.
"ABCO has strengthened its position in the healthcare industry as the go-to advisor for providers, with a significant depth of expertise in healthcare. The company’s unique research and software solution continues to be a big differentiator which we believe is key to its sustainable growth. Further, we believe the changing healthcare environment bodes very well for long-term growth," said Naidu.
"Near term, providers' push into value-based programs should drive demand for the company’s solutions, especially around pop health. While the Royall acquisition has added some noise to the numbers, we believe the expedited entry into the higher education segment is a timely way to take advantage of that industry’s changing dynamics," added the analyst.
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 $52.38 yesterday.
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