Athenahealth could fetch $170/share - Deutsche Bank [Seeking Alpha]
Athena Technology Acquisition Corp. Class A (ATHN)
Last athena technology acquisition corp. class a earnings: 11/9 04:01 pm
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Source: Seeking Alpha
Athenahealth could fetch $170/share - Deutsche BankIn a note, Deutsche Bank analyst Glen Santangelo says Elliot may go as high as $170/share to acquire athenahealth (ATHN+1.1%) citing a refined analysis on the internal rate of return, specifically a higher leverage assumption and a modestly higher EBITDA growth rate.Mr. Santangelo sees limited downside for the stock but cautions that it may take a while for Elliott to seal the deal considering its history (some transactions have taken as long as two years to close).Current rating: HOLD/$170.Source: BloombergPreviously:Athenahealth up 21% premarket on Elliot bid of $155 - 160 (May 7)Click to subscribe to real-time analytics on ATHNNow read:Daily Insider Ratings Round Up 5/8/18: TEGP, DDR, APPN, SBH, BDGE, CFR, NHF, IFF, DBD »
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