JP Morgan Maintains Neutral Rating for Premier: Here's What You Need To Know

JP Morgan has decided to maintain its Neutral rating of Premier PINC and lower its price target from $26.00 to $21.00.

Shares of Premier are trading up 0.0% over the last 24 hours, at $19.20 per share.

A move to $21.00 would account for a 9.38% increase from the current share price.

About Premier

Premier Inc is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company's revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.