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Cerner Corporation Message Board

  • dskin40 dskin40 Feb 6, 2013 1:39 PM Flag

    February 6, 2013 7:34 AM EST

    Jefferies raised its price target on Buy-rated Cerner (NASDAQ: CERN) from $82 to $97 following Q4 results with bookings over $1 billion above expectation.

    The firm comments, "Bookings were the highlight of 4Q at $1B and above expectations. 1Q13 guidance sets the stage for robust growth this year. 4Q12 earnings were solidly in line, after adjusting for two below-the-line items. Margin improvement should accelerate in 2013 as the impact of device re-sales moderates. Cerner's industry-leading commitment to R&D positions it well to continue winning market share from its competitors."

    Sentiment: Strong Buy

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