Evercore steps up to Cerner sideline

Apr. 09, 2019 9:31 AM ETOracle Corporation (ORCL)ORCLBy: Brandy Betz, SA News Editor
  • Evercore ISI upgrades Cerner (NASDAQ:CERN) from Underperform to In-line and raises the target from $52 to $64, implying a 12% upside.
  • Earlier today, Cerner announced reaching a board pact with activist investor Starboard Value and added $1.2B to its share buyback program.
  • Cerner shares are up 11% pre-market to $63.45.
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