Piper Sandler raised the firm’s price target on Premier (PINC) to $24 from $19 and keeps a Neutral rating on the shares following a positive Q3 print where the company beat top and bottom line estimates, and raised consolidated adjusted EBITDA guidance by 2.4% to $251.0M at the midpoint. Piper was encouraged by purchasing volume commentary and Net Admin Fee Revenue strength in Q3, despite the ongoing August 2020 restructure cohort renewals.
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