UPDATE: Deutsche Bank Raises Target to $85 on Cerner
Deutsche Bank increases its rating on Buy-rated Cerner (NASDAQ: CERN) to $85 from $76based on the company's long term outlook.
Deutsche Bank notes, "Following CERN's analyst meeting last week at HIMSS, we have conducted a detailed earnings power analysis to evaluate CERN's LT outlook. Based on sensitivities ran against management's 2020 plan, we continue to view CERN's growth outlook as robust and warranting of the premium multiple it currently garners."
CERN closed at $73.83 a share on Wednesday.
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