Citi Maintains Buy Rating On CERN

Citi is maintaining its Buy rating on shares of Cerner Corp. CERN.

“Cerner's investor conference left us more comfortable with the company's long term growth opportunity, especially knowing how many levers the company has to continue its top line growth,” Citi writes.

“CERN shares trade at 28x our 2011 EPS estimate of $3.67, which we find attractive considering the company's near and longer term growth opportunities.”

Cerner Corp. closed Thursday at $102.23.