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 2014||Topeka Capital||Maintains||Buy|
|Aug 2014||Wells Fargo||Upgrades||Market Perform||Outperform|
|Jul 2014||Deutsche Bank||Maintains||Buy|
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