UPDATE: ISI Group Initiates Cerner Corporation with Market Weight, $87 PT on Valuation
ISI Group initiated its performance on Cerner Corporation (NASDAQ: CERN) with a Market Weight rating and a $87 price target.
ISI Group noted, "Our thesis for CERN is based on the company's ability to take share given its broad product portfolio, its expansion in ancillary services supporting growth post-HITECH Act, and an improving cash flow profile that offers investors an additional opportunity for LT value creation, although we would wait for a more attractive entry point for the stock given the year-to-date outperformance (up ~34% in 2012)."
Cerner Corporation closed at $80.58 on Wednesday.
Latest Ratings for CERN
|Sep 2016||Bank of America||Initiates Coverage on||Buy|
|Sep 2016||Cowen & Co.||Downgrades||Outperform||Market Perform|
|Aug 2016||Stifel Nicolaus||Assumes||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.