Canaccord lowered the firm’s price target on Premier to $38 from $46 and keeps a Buy rating on the shares. The analyst said we believe that Premier does offer some value and while we will keenly monitor member fee share back trends, we maintain our rating due to the deeply discounted valuation and believe investors could gravitate to the stock if a recession materializes over the next several quarters.
Published first on TheFly
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Read More on PINC:
- Premier price target lowered to $26 from $31 at Barclays
- Premier downgraded to Neutral from Outperform at Baird
- Premier downgraded to Market Perform from Outperform at Raymond James
- Premier lowering FY23 adjusted EPS view to $2.43-$2.55 from $2.53-$2.65
- Premier reports Q1 adjusted EPS 58c, consensus 58c
