RBC Capital Downgrades Cerner (CERN) to Sector Perform

RBC Capital analyst George Hill downgraded Cerner (NASDAQ: CERN) from Outperform to Sector Perform with a price target of $54.00 (from $72.00).

The analyst comments "While we still consider CERN to be a best in class vendor, the slowing market for provider-facing HCIT companies and slower growth at CERN warrant a lower multiple on the shares."

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 $62.32 yesterday.

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