Goldman Sachs Rates Emdeon (EM) a Neutral
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Price: $1.20 --0%
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs transfers coverage on Emdeon (NYSE: EM) and maintains a Neutral rating and $15 price target.
The firm states, "While we believe management is pursuing a value additive M&A strategy by levering its extensive network of clients, we believe EPS forecasts are realistic and see limited upside as HC utilization remains below normalized levels."
The firm lowers 2011/2012/2013 EPS estimates to $1.01/$1.14/$1.28 from $1.01/$1.16/$1.30.
For more ratings news on Emdeon click here and for the rating history of Emdeon click here.
Shares of Emdeon closed at $13.11 yesterday.
The firm states, "While we believe management is pursuing a value additive M&A strategy by levering its extensive network of clients, we believe EPS forecasts are realistic and see limited upside as HC utilization remains below normalized levels."
The firm lowers 2011/2012/2013 EPS estimates to $1.01/$1.14/$1.28 from $1.01/$1.16/$1.30.
For more ratings news on Emdeon click here and for the rating history of Emdeon click here.
Shares of Emdeon closed at $13.11 yesterday.
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