Fly News Breaks for February 5, 2020
Feb 5, 2020 | 05:05 EDT
Piper Sandler analyst Sean Wieland raised his price target for Cerner to $82 from $78 saying the company is making strides toward profitability and growth with last night's in-line Q4 results. The analyst says that while a compressing top line and steep margin targets "have galvanized skeptics," he continues to believe that Cerner's restructuring/rationalization efforts have been productive. Wieland reiterates an Overweight rating on the shares.
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