UPDATE: Deutsche Bank Initiates Coverage on Cerner Corporation with Buy Rating, $71 PT on Market Leader Position

In a report published Thursday, Deutsche Bank analyst George Hill initiated coverage on

with a Buy rating and $71.00 price target. In the report, Deutsche Bank noted, “We are initiating coverage of CERN shares with a Buy rating. Cerner is the largest stand-alone healthcare IT vendor with a leading global footprint and an attractive customer base of large enterprise clients. We also view Cerner as the best positioned company to benefit from our Population Health investment thesis due to its focus on clinical technologies for the largest organizations.” Cerner Corporation closed on Wednesday at $55.95.