Leerink Partners Maintains a Hold on Premier (PINC), Sets a $24 PT

Premier, Inc. (NASDAQ:PINC) is one of the best small cap low volatility stocks to invest in. In a report released on June 30, Michael Cherny from Leerink Partners maintained a Hold rating on Premier, Inc. (NASDAQ:PINC) with a price target of $24.00.

The analyst supported the optimistic rating with several factors, including Premier, Inc.’s (NASDAQ:PINC) recent acquisition of IllumiCare. Cherny stated that the acquisition strategically aligns with Premier, Inc.’s (NASDAQ:PINC) goal of enhancing clinical decision support capabilities and operational efficiency.

The analyst added that while the acquisition adds strategic value, he does expect it to add considerably to the company’s financials in the near term.

Other factors expected to have a significantly higher impact on Premier, Inc.’s (NASDAQ:PINC) performance, according to the analyst, include the ongoing renegotiations of the Group Purchasing Organization (GPO) net admin fee share and larger capital deployment.

Premier, Inc. (NASDAQ:PINC) provides healthcare improvement solutions. The company’s operations are divided into the Supply Chain Services and Performance Services segments.

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Disclosure: None. This article is originally published at Insider Monkey.