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Fly News Breaks for January 16, 2018
CERN
Jan 16, 2018 | 07:47 EDT
As reported earlier, SunTrust analyst Sandy Draper downgraded Cerner to Hold from Buy with a $75 price target. Draper says he is less constructive on Cerner after the 42% run-up in price over the past year, noting that the stock is now fully valued. The analyst cites potential 2018 downside risks from weaker bookings and slower backlog conversion amid deterioration of end market demand and possible weakness in Population Health and RCM services.
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