UPDATE: ISI Group Initiates Cardinal Health with Market Weight, $45 PT; Pharma Distribution Growth Stabilizing
ISI Group initiated its coverage on Cardinal Health (NYSE: CAH) with a Market Weight rating and a price target of $45 a share.
ISI Group commented, "Our thesis for CAH is based on normalization in pharma distribution growth as the multi-year turnaround enters its later stages, modest headline contract risk in the medium-term given the Express Scripts RFP and CVS / Walgreen renewals, and a gradual improvement in Medical profitability as the Medical Business Transition (MBT) truly takes hold in FY14."
Cardinal Health closed at $42.34 on Wednesday.
Latest Ratings for CAH
|Oct 2014||Credit Suisse||Maintains||Outperform|
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