Auriga Upgrades Quality Systems (QSII) to Buy; Pre-Announcement Presents Opportunity
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Price: $22.35 --0%
Rating Summary:
4 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Rating Summary:
4 Buy, 15 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Auriga upgraded Quality Systems (NASDAQ: QSII) from Hold to Buy, price target lowered from $42 to $37.
Analyst, Gene Mannheimer, said, "We are upgrading our recommendation following the preannouncement of a FQ4 revenue and earnings miss, and the corresponding 25% correction in stock price over the last month. While the execution risk that has kept us on the sidelines for more than a year remains, with respect to QSII's relatively recent foray into both revenue cycle and inpatient acute care, we now find valuation much more palatable and think upside will ensue should the company meet at least the low end of its newly introduced FY13 guidance."
Mannheimer thinks QSII still has a strong pipeline and share weakness is a buying opportunity.
For an analyst ratings summary and ratings history on Quality Systems click here. For more ratings news on Quality Systems click here.
Shares of Quality Systems closed at $29.90 yesterday.
Analyst, Gene Mannheimer, said, "We are upgrading our recommendation following the preannouncement of a FQ4 revenue and earnings miss, and the corresponding 25% correction in stock price over the last month. While the execution risk that has kept us on the sidelines for more than a year remains, with respect to QSII's relatively recent foray into both revenue cycle and inpatient acute care, we now find valuation much more palatable and think upside will ensue should the company meet at least the low end of its newly introduced FY13 guidance."
Mannheimer thinks QSII still has a strong pipeline and share weakness is a buying opportunity.
For an analyst ratings summary and ratings history on Quality Systems click here. For more ratings news on Quality Systems click here.
Shares of Quality Systems closed at $29.90 yesterday.
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