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Fly News Breaks for October 26, 2018
CERN
Oct 26, 2018 | 07:35 EDT
As reported earlier, RBC Capital analyst George Hill downgraded Cerner to Sector Perform from Outperform and lowered his price target to $54 from $72. The analyst says that the slowing market for health care information technology companies, as well as the company's slower rate of growth, warrant a lower multiple on the stock. Hill anticipates the challenges in the end market to persist, with slower software sales and no inflection point in sight.
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