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Fly News Breaks for May 17, 2018
CERN
May 17, 2018 | 19:21 EDT
Piper Jaffray analyst Sean Wieland kept his Overweight rating and $64 price target on Cerner after its announcement today regarding a $10B VA contract. The analyst notes that the "long-awaited" deal is "currently reflected in both guidance and the company's long-term outlook", but will also serve to expand the company's competitive advantage by strengthening its interoperability capabilities and experience in managing large implementations. Wieland adds that the project should also "open new doors" for the company, giving it valuable experience in managing contracts of this complexity.
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