Auriga Raises Cerner to Buy Rating, $121 PT (CERN)

Auriga has raised Cerner Corp. CERN to a Buy Rating. Auriga has also raised the Price Target of Cerner Corp. to $121.00.

According to the report “We are upgrading our recommendation on Cerner Corp. (CERN) to BUY from HOLD while raising our 12-month price target to $121 from $105. Recent checks from last month's HIMSS conference combined with our interpretation of the Company's long-term strategy at its Analyst Day last week each contribute to our positive incremental view.”

Cerner Corp. closed at $103.30 on Friday.