UPDATE: Morgan Stanley Downgrades Cerner Corporation to Equal-Weight on Bookings Deceleration

by Benzinga Staff
August 17, 2012 12:29 PM | 23 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Morgan Stanley reduced its rating on Cerner Corporation (NASDAQ: CERN) from Overweight to Equal-weight and removes its prior price target of $82. Morgan Stanley commented, "Challenging y/y comparisons, associated with approaching deadlines for attesting to Stage 1 Meaningful Use, should lead to slower bookings growth by 2013. With shares trading at a premium to historical valuation and to the broader software group, we see limited upside potential in the near-term."Cerner Corporation closed at $73.75 on Thursday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorDowngradesPrice TargetIntraday UpdateAnalyst RatingsMorgan Stanley

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.