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Fly News Breaks for August 29, 2016
CERN
Aug 29, 2016 | 05:43 EDT
Piper Jaffray analyst Sean Wieland says the rollout of Cerner's Department of Defense contract "MHS GENESIS" remains on schedule with system validation sessions complete and go-live scheduled by year-end. The impact of the contract on estimates is being largely overlooked by investors, Wieland tells investors in a research note. The analyst has confidence in his street-high bookings growth estimates and reiterates an Overweight rating on Cerner with an $81 price target.
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