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Fly News Breaks for April 2, 2018
CERN
Apr 2, 2018 | 08:10 EDT
KeyBanc analyst Donald Hooker lowered his price target for Cerner to $76 from $85 due to changes in the leadership at the Veteran Affairs department, which have resulted in elevated uncertainty around a contract. Nonetheless, the analyst reiterates an Overweight rating on the stock with the recent share price weakness seeming to bake in a range of unlikely negative scenarios for the company's pending multi-billion dollar implementation at the VA.
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