TD Cowen analyst Charles Rhyee upgrades $Cardinal Health (CAH.US)$ to a buy rating, and adjusts the target price from $130 to $144.
According to TipRanks data, the analyst has a success rate of 46.5% and a total average return of 1.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cardinal Health (CAH.US)$'s main analysts recently are as follows:
New customer onboarding, robust utilization trends, and recent ventures into specialty services are likely to propel Cardinal Health's adjusted earnings to surpass current expectations and achieve growth in its Pharma segment beyond the 4%-6% long-term target.
The estimate of 4-6% growth in adjusted operating income for the pharmaceutical sector is considered conservative, with expectations for further growth in long-term forecasts. The predictions suggest an increase in earnings per share for FY25 and a resumption of the historical 12%-14% compound annual growth rate by FY26.
Note:
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