Premier price target raised to $24 from $23 at Piper Sandler

Piper Sandler raised the firm’s price target on Premier to $24 from $23 and keeps a Neutral rating on the shares. The firm notes Premier concluded its strategic review and announced a new $1B buyback authorization on February 5th, with Q2 2024 earnings. Piper says it needs the company to stabilize the core business, identify a growth engine, and devise a go-to-market strategy before it can recommend the stock.