RBC Capital Starts TruBridge Inc (TBRG) at Sector Perform

RBC Capital analyst Ryan Halstead initiates coverage on TruBridge Inc (NASDAQ: TBRG) with a Sector Perform rating and a price target of $23.00.

The analyst comments "We are resuming coverage of TruBridge (TBRG) with a Sector Perform rating and a $23 price target. We view TruBridge's opportunity to grow its RCM business combined with its stable EHR business as compelling but remain cautious on execution risk following recent periods of low growth. The company is injecting new leadership to accelerate its RCM sales including moving upstream into larger hospitals as well as the $300 million cross-selling opportunity within its existing EHR customers; we will be looking for signs of progress."

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

Shares of TruBridge Inc closed at $21.72 yesterday.

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