Market Overview

UPDATE: Sterne Agee Initiates Cerner at Neutral on Valuation

Related CERN
Benzinga's Top Initiations
Benzinga's Top Downgrades

In a report published Wednesday, Sterne Agee analyst Greg T. Bolan initiated coverage on Cerner (NASDAQ: CERN) with a Neutral rating and $100.00 price target.

In the report, Sterne Agee noted, “At this point, we believe Cerner's bookings will grow at to slightly better than mid-teens growth in CY12. While impressive, we believe the current valuation of Cerner's stock reflects our optimistic outlook. Initiate coverage with a Neutral rating and $100 price target.”

Cerner closed on Tuesday at $98.14.

Latest Ratings for CERN

Oct 2016UBSInitiates Coverage onNeutral
Sep 2016Bank of AmericaInitiates Coverage onBuy
Sep 2016Cowen & Co.DowngradesOutperformMarket Perform

View More Analyst Ratings for CERN
View the Latest Analyst Ratings

Posted-In: Greg T. Bolan Sterne AgeeAnalyst Color Initiation Analyst Ratings


Related Articles (CERN)

View Comments and Join the Discussion!