Premier (PINC) Misses Q4 EPS by 2c, Offers FY17 Guidance

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Go back to Premier (PINC) Misses Q4 EPS by 2c, Offers FY17 Guidance

Evercore ISI Downgrades Premier, Inc. (PINC) to Hold

August 23, 2016 6:40 AM EDT

Evercore ISI downgraded Premier, Inc. (NASDAQ: PINC) from Buy to Hold with a price target of $34.00 (from $36.50).

Analyst Ross Muken commented, "Post assuming coverage of Premier we have witnessed mixed operating performance, with challenges in the PS segment (core growth has decelerated from HSD to flattish, while EBITDA margins have declined >500bp) overshadowing strong growth across Supply Chain (HSD net admin fee and DD product growth). Unfortunately, despite steps taken... More