Premier price target lowered to $27 from $30 at Canaccord

Canaccord analyst Richard Close lowered the firm’s price target on Premier to $27 from $30 and keeps a Buy rating on the shares. The firm reiterated its rating following the completion of its strategic review process which has led the company to pursue divesting non-core businesses, return capital to investors through a $1 billion share repurchase program, and refocus on the core Supply Chain and Performance Services segments.