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Fly News Breaks for June 6, 2017
CERN
Jun 6, 2017 | 07:39 EDT
JPMorgan analyst Lisa Gill raised her price target for Cerner to $72 after the Department of Veteran Affairs announced its intent to use the company's Millennium platform as its Electronic Health Record system replacement. Assuming Cerner is able to secure a prime contractor role, the economics could be seven-to-14 times the size of the Department of Defense contract win, Gill tells investors in a research note. She sees the contract as creating a "longer term tail to growth" and keeps an Overweight rating on Cerner.
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