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Fly News Breaks for May 24, 2018
CERN
May 24, 2018 | 09:21 EDT
RBC Capital analyst George Hill raised his price target on Cerner to $71 and kept his Outperform rating after the company finalized its Veterans Affairs contract last week. Hill says the margins around the VA deal could outperform expectations as the contract contributes over $1B in revenue run rate exiting 2021 and into 2022, while the share buyback that the company announced may lead to positive earnings revisions for FY19.
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