Premier price target lowered to $19 from $21 at Piper Sandler

Piper Sandler lowered the firm’s price target on Premier (PINC) to $19 from $21 and keeps a Neutral rating on the shares. The firm cites a mixed Q2 print where adjusted EBITDA of $50.1M missed PSC/consensus at $56.9M/ $59.1M. FY26 consensus looks ambitious in light of Premier’s ongoing renewals, Piper adds.