Premier price target raised to $21 from $19 at BofA

BofA raised the firm’s price target on Premier (PINC) to $21 from $19 and keeps an Underperform rating on the shares. The firm is increasing its FY26 revenue estimate to account for slightly higher Supply Chain Services revenue than previously forecast and raising its FY26 EBITDA estimate to account for stronger Performance Service margins, but keeps an Underperform rating as it does not have “confidence that net admin fees can grow at this time.”