JP Morgan On Commodity Price Impact On CAH

JP Morgan has issued a report on the effect of commodity prices on Cardinal Health (NYSE: CAH).

JP Morgan writes, “Commodity price headwind could be greater than expected. Recall, when Cardinal issued original guidance for F2011 in August 2010, mgmt expected commodity prices (including oil, latex and cotton) to be a $40 mil headwind throughout the year.”

CAH is rated Overweight and has a $44 Price Target.

CAH closed at $41.98 a share yesterday.