Shares of Allscripts Healthcare have room for growth as the company develops its population health management business, according to a Citi, which raised its rating on the stock Tuesday. Analyst George Hill also raised his price target to $18 from $12.50.
NEW YORK-- Shares of Allscripts Healthcare Solutions Inc. fell Friday as the healthcare information technology company reported a loss for its first quarter. That compared with a profit of $5.8 million, or 3 cents per share, a year ago.
CHICAGO-- Allscripts Healthcare Solutions Inc. said Thursday that it took a loss in the first quarter on reduced revenue and a spate of one-time charges. Allscripts lost $11.6 million, or 7 cents per share, in the first quarter. A year earlier it reported a profit of $5.8 million, or 3 cents per share.
*Morgan Stanley raises to overweight from equal weight- theflyonthewall.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Goldman Sachs and Morgan Stanley retained their positions as the No. 1 and 2 M&A advisers globally, respectively, this year.
Dec 20- Shares of Allscripts Healthcare Solutions Inc fell nearly 17 percent on Thursday after the company abandoned plans to sell itself and instead introduced new management to run the company as an independent entity.
Dec 20- Shares of Allscripts Healthcare Solutions Inc fell as much as 17 percent on Thursday after the company abandoned plans to sell itself and instead introduced new management to run the company as an independent entity.
NEW YORK, Nov 30- Blackstone Group LP has emerged as the frontrunner in an auction for Allscripts Healthcare Solutions Inc, but the companies remain far apart on price and a deal is highly uncertain, people familiar with the matter said.