Jefferies Downgrades Allscripts-Misys Healthcare (MDRX) to Hold
Get Alerts MDRX Hot Sheet
Price: $6.81 --0%
Rating Summary:
8 Buy, 19 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
8 Buy, 19 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies downgraded Allscripts-Misys Healthcare (NASDAQ: MDRX) from Buy to Hold with a price target of $10.50 (down from $25).
The firm comments, "Poor operating results, weak bookings, a Board room power struggle, and reporting changes (to add confusion) are enough to downgrade. Delays around ADX 1.5 diminishes MDRX's ability to put up a fight against Epic and Cerner's (CERN, $73.82, NC) inpatient share gains. The value we saw in MDRX's ambulatory base also could deteriorate, as a preoccupied management team tries to steady the rudder."
Q2 EPS goes from $0.26 to $0.20, FY12 from $1.07 to $0.76 and FY13 from $1.24 to $0.90.
For an analyst ratings summary and ratings history on Allscripts-Misys Healthcare click here. For more ratings news on Allscripts-Misys Healthcare click here.
Shares of Allscripts-Misys Healthcare closed at $16.02 yesterday.
The firm comments, "Poor operating results, weak bookings, a Board room power struggle, and reporting changes (to add confusion) are enough to downgrade. Delays around ADX 1.5 diminishes MDRX's ability to put up a fight against Epic and Cerner's (CERN, $73.82, NC) inpatient share gains. The value we saw in MDRX's ambulatory base also could deteriorate, as a preoccupied management team tries to steady the rudder."
Q2 EPS goes from $0.26 to $0.20, FY12 from $1.07 to $0.76 and FY13 from $1.24 to $0.90.
For an analyst ratings summary and ratings history on Allscripts-Misys Healthcare click here. For more ratings news on Allscripts-Misys Healthcare click here.
Shares of Allscripts-Misys Healthcare closed at $16.02 yesterday.
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