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Fly News Breaks for November 21, 2019
CERN
Nov 21, 2019 | 16:15 EDT
RBC Capital analyst Sean Dodge says he is "CERN"-tainly excited Cerner's margin expansion, initiating the stock with an Outperform rating and a price target of $80. The analyst is positive on the company's position as the market leader in one of the faster growing sub-sectors of healthcare, its stable client base and good visibility on revenue growth over the next three years with Federal contracts, and the commitment of its new management to aggressive margin expansion.
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