Merge Healthcare (MRGE) - Bear of the Day
August 28 2011 - 8:00PM
Zacks
Merge Healthcare's (MRGE) growth prospects are highly
dependent on capital investments by hospitals for advanced imaging
solutions, which are in turn tied to general economic conditions.
Moreover, declining Medicare reimbursements could negatively affect
hospital and imaging clinic revenue, which could reduce demand for
software and services offered by Merge.
Although there is immense potential in the diagnostic imaging
market, we remain concerned about the competitive scenario and
macroeconomic headwinds. The presence of many big players like GE
and McKesson has made the diagnostic imaging market highly
competitive.
These headwinds compelled us to maintain the stock at
Underperform with a target price of $5.25. Our target price
corresponds to a price-to-book multiple of 8.1.
MERGE HEALTHCAR (MRGE): Free Stock Analysis Report
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