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Fly News Breaks for May 18, 2018
CERN
May 18, 2018 | 07:45 EDT
Morgan Stanley analyst Ricky Goldwasser noted that after months of delays Cerner has signed a contract with the Veterans Affairs department worth up to $10B over ten years, which he believes provide visibility and should lift an overhang on the shares. The analyst, who is looking toward additional details on contract timing and profitability when Cerner reports earnings in July and updates on the company's strategic review in the fall as the next catalysts for the stock, maintains an Equal Weight rating on Cerner.
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