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Credit Suisse raises its price target on Cerner (CERN +5%) to $95 from $88 after Thursday's Q1...

Credit Suisse raises its price target on Cerner (CERN +5%) to $95 from $88 after Thursday's Q1 report. "At the risk of sounding like a broken record, CERN reported better than expected bookings, solid operating metrics, and strong cash flow," analyst Glen Santangelo notes before saying "the conference call [makes] clear management's intent [to] further competitive advantages and build upon analytics/population health and works platforms." (call transcript)
Comments (1)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    What does a PT of $95 mean for a stock the just had a good report and and is already trading around $96?

     

    It means that the stock is expensive.

     

    Good for us, I guess.

     

    I make up my own price targets, so I don't need no stinkin' analysts.

     

    At least, not for Cerner.
    26 Apr 2013, 02:23 PM Reply Like
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