Veradigm downgraded to Hold from Buy at Argus

Argus analyst John Eade downgraded Veradigm to Hold from Buy, citing the company’s cut in 2022 revenue and EPS guidance alongside the delay in the release of its Q4 results due to errors in reporting over the past six quarters. Veradigm shares underperformed their benchmark over the past quarter but now appear fairly valued at current prices given the lack of earnings transparency, the analyst tells investors in a research note.