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UPDATE: Jefferies Raises PT on Cerner Corporation on Competitive Inroads

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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.

Latest Ratings for CERN

DateFirmActionFromTo
Feb 2017CitigroupDowngradesBuyNeutral
Feb 2017Avondale PartnersDowngradesMarket OutperformMarket Perform
Feb 2017OppenheimerDowngradesOutperformPerform

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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