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Fly News Breaks for December 13, 2016
CERN
Dec 13, 2016 | 08:42 EDT
Morgan Stanley analyst Ricky Goldwasser assumed coverage on Cerner and downgraded shares to Underweight from Equal Weight and lowered its price target to $45 from $62. The analyst believes potential changes to ACA will result in a slowdown in hospital spending until there is clarity, resulting in slower decision and undertaking of new healthcare IT projects. Goldwasser believes Cerner may lower its 2017 top line outlook to 3-8% from 8-14%.
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