Allscripts (MDRX) Misses Q4 EPS by 1c, FY EPS Guidance Misses

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Allscripts (MDRX) PT Lowered to $14 at Cowen

February 22, 2019 7:12 AM EST

Cowen analyst Charles Rhyee lowered the price target on Allscripts (NASDAQ: MDRX) to $14.00 (from $16.00) while maintaining a Outperform rating following the company's 4Q. Adjusted EPS of $0.20 and revenues of $538M missed consensus of $0.21 and $563M, respectively, reflecting impact of weak 3Q bookings.

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