UPDATE: Topeka Initiates Coverage On Premier

In a mid-day report Monday, analyst Eugene Mannheimer of Topeka Capital Markets gave Premier Inc (NASDAQ: PINC) a Buy rating with a $35.00 price target.

On his initial coverage, Mannheimer praised the company's ability to leverage its broad array of data assets as an industry leader in healthcare IT. Concurrent to where the valuation is now, Mannheimer sees opportunity for Premier to “drive growth and profitability over the long haul."

Shares of Premier closed at $32.91, up 2.1 percent; this shows nearly 10 percent upside compared to Mannheimer’s target price.