Fly News Breaks for February 17, 2016
CERN
Feb 17, 2016 | 07:54 EDT
After Cerner reported better than expected results but its bookings came in slightly below its guidance and the stock slid 13% in after-houirs trading, RBC Capital says that the stock is undervalued and does not reflect the company's fundamentals. It trimmed its price target on the name to $70 from $75 but continues to be upbeat on the demand for the company's offerings and reiterates its Top Pick rating.
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