UPDATE: Piper Jaffray Downgrades Computer Programs and Systems to Neutral

Piper Jaffray is out with its report today on Computer Programs and Systems CPSI, downgrading CPSI from Overweight to Neutral. In a note to clients, Piper Jaffray writes, "We think Q2 revenue and earnings will be in-line, but our checks indicate sequentially flat Q2 bookings which may pressure Q3 guidance. Small hospitals are procrastinating - the delay in stage 2 of Meaningful Use gives them a whole extra year to study for the exam. We think it will be crunch time come year-end, but we are lowering our Q3 revenue and EPS estimates below consensus views. Downgrading to Neutral, maintaining target of $66." Shares of CPSI closed Monday at $67.76, down 0.25% from Friday's close.