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Why is Premier Inc (PINC) Stock down?

23 Aug, 2023:

Premier Inc (PINC) shares dropped 8.98% with Q4 earnings surpassing estimates but sales falling short at $340.4 million compared to $356.3 million expected. Analysts revised price targets: Piper Sandler downgraded to $25, Canaccord Genuity lowered to $30, B of A Securities decreased to $26, UBS adjusted to $26, and Benchmark reduced to $32.

https://www.benzinga.com/news/earnings/23/08/34007646/premier-analysts-lower-their-forecasts-after-q4-results

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