athenahealth guidance in-line with expectations, says Citigroup

theflyonthewall.com

Citigroup says athenahealth's 2013 guidance fell in-line with its expectations, and points out the company indicated higher levels of spending could be necessary to drive 30% revenue growth. Citi thinks athenahealth’s wide guidance range could concern investors, but expects a muted reaction to shares as investors digest the company’s growth expectations. The firm keeps a Buy rating on the stock with a $100 price target.

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