UPDATE: RBC Capital Starts HMS Holdings (HMSY) at Sector Perform

(updating comment)

RBC Capital analyst Sean Dodge initiates coverage on HMS Holdings (NASDAQ: HMSY) with a Sector Perform rating and a price target of $27.00.

The analyst comments "The core COB and PI businesses are well-aligned with industry tailwinds and should continue to benefit from ongoing AI/ML investments. However, HMSY's newer TPM solutions, which were expected to be a big growth driver, have been slow to get traction. We want to see evidence the recent re-tooling of its sales force is building a revenue-generating pipeline before getting more constructive with our rating."

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

Shares of HMS Holdings closed at $27.87 yesterday.

You May Also Be Interested In

• Raymond James Starts SpyGlass Pharma (SGP) at Outperform
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• RBC Capital Starts Krystal Biotech (KRYS) at Outperform