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Fly News Breaks for February 7, 2018
CERN
Feb 7, 2018 | 07:57 EDT
SunTrust analyst Sandy Draper lowered his price target on Cerner to $68 and kept his Hold rating after a Q4 earnings miss. Draper says the strong bookings quarter was not enough to keep the company from cutting its FY18 revenue guidance stemming in part from the delay of its Veterans' Affairs contract. The analyst also lowers his FY19 EPS outlook to $2.82 from $2.90 on slowing growth and rising costs.
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