Cerner (CERN) PT Lifted to $71 at Jefferies on Solid Q3

Jefferies analyst David Windley reiterated a Buy rating and boosted his price target on Cerner (NASDAQ: CERN) to $71.00 (from $67.00) amid solid Q3 results.

Windley commented, "Despite attention required to usher the Siemens deal to closure, management's focused execution on current business continued. CERN's strategy of building next generation solutions with leading provider partners and re-selling those solutions to existing and new customers is gaining traction. With Siemens, CERN will have a much longer runway for those solutions. We believe the combo guidance is probably conservative to start."

For an analyst ratings summary and ratings history on Cerner click here. For more ratings news on Cerner click here.

Shares of Cerner closed at $59.70 yesterday.

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