Piper Jaffray Raises PT on Cerner to $84

Piper Jaffray has raised its price target on Cerner CERN from $70 to $84 and has maintained its Overweight rating on the company in a research report out today. In the report, Piper Jaffray writes, "We believe the company could see $7 billion revenue run rate with earnings potential of$8 per share by 2020. We are increasing our target to $84 (from $70) based on our CY13 EPS estimate. Maintain Overweight." Shares of Cerner are currently trading at $73.42, up 1.32% from yesterday's close.