J.P. Morgan Maintains Overweight Rating On CERN

J.P. Morgan is maintaining its Overweight rating on shares of Cerner Corp. CERN.

“We continue to like CERN shares given the near-term opportunity over the next 2-3 years presented by the stimulus, as well as an emerging longer-term strategy which could sustain earnings growth in the high-teens to low-20s % range for the next 5-10 years,” J.P. Morgan writes.

“With the stock trading at 30x our 2011 estimate, we expect much of the future stock upside to be driven by earnings growth.”

Cerner Corp. closed Thursday at $102.23.