- A little over three months after upgrading Cerner (CERN +1.1%) to Outperform, RBC has named the healthcare IT giant a Top Pick. Peer Allscripts (MDRX +1%), meanwhile, has been upgraded to Outperform from Market Perform. Both companies remain in positive territory on a weak morning for stocks.
- Raymond James downgraded Allscripts on Monday in the wake of an autumn rally. Cerner went into trading today less than $2 above a 52-week low of $55.82; shares tumbled in November following a Q3 revenue miss and soft Q4 guidance.