UPDATE: JPMorgan Downgrades Change Healthcare Inc. (CHNG) to Neutral

February 10, 2021 4:31 AM EST
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Price: $22.51 +0.04%

Rating Summary:
    7 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 42
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(Updated - February 10, 2021 4:51 AM EST)

JPMorgan analyst Lisa C. Gill downgraded Change Healthcare Inc. (NASDAQ: CHNG) from Overweight to Neutral with a price target of $25.75 (from $18.00).

The analyst comments "Change’s scale is unmatched, touching roughly one-third of the US population through transacting clinical records with a
sticky and long-tenured revenue base, driving 87% of recurring revenue. Following a period of integration and investment, the model is inflecting, moving from flat revenue growth in F2019 to 4-6% through F2021 with synergy-driven leverage driving 6-8% EBITDA growth, and we see low double-digit EBITDA growth likely achievable beyond FY2021 driven by leverage."

For an analyst ratings summary and ratings history on Change Healthcare Inc. click here. For more ratings news on Change Healthcare Inc. click here.

Shares of Change Healthcare Inc. closed at $23.76 yesterday.


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