Quality Systems Inc. was downgraded Tuesday, though the investment bank raised its target price for shares of the Irvine-based company.
New York’s Jefferies & Co. lowered its rating on the maker of medical and dental practice management software to “hold” from “buy” while hiking its price target by $1 to $40.
In a research note, Jefferies said shares of Quality appeared fairly valued, and while it was encouraged by Quality’s recent contract wins, those appeared already to be factored into Wall Street’s views.
Quality shares closed down 2.6% to $39.65 on Tuesday.
