Premier price target lowered to $19 from $21 at Canaccord

Canaccord lowered the firm’s price target on Premier (PINC) to $19 from $21 and keeps a Hold rating on the shares. The firm said it was a mixed bag for Premier’s 2QFY’25 report and guidance. Supply chain revenue beat, but Performance Services (PS) missed badly, leading to an overall miss. Fee share headwinds appear to be stabilizing, a positive for Supply Chain in addition to co-managed arrangement momentum but the impact of tariffs remains a potential unknown.