Market Overview

UPDATE: Jefferies Raises PT on Cerner Corporation on Competitive Inroads

Related CERN
Will Cerner Corp. (CERN) Miss Earnings Estimates?
Top 4 NASDAQ Stocks In The CATV Systems Industry With The Highest EPS

In a report published Friday, Jefferies analyst David Windley reiterated a Buy rating on Cerner Corporation (NASDAQ: CERN), and raised the price target from $97.00 to $110.00.

In the report, Windley noted, “In recent presentations, KLAS (HCIT independent rating org) described current competitive trends in the EHR space, and Premier (GPO) members forecasted continued high IT spending. Epic is still the dominant player, but CERN is making competitive inroads with decision makers; raising CERN PT to $110. ATHN has higher stickiness and promoter scores than industry averages. MDRX has fallen off clients' radars, and has a lot of work to do.”

Cerner Corporation closed on Thursday at $95.54.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (CERN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters