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UPDATE: ISI Group Initiates Cardinal Health with Market Weight, $45 PT; Pharma Distribution Growth Stabilizing

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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

DateFirmActionFromTo
Jun 2015Deutsche BankMaintainsHold
Mar 2015FBR CapitalMaintainsOutperform
Mar 2015Argus ResearchMaintainsBuy

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Posted-In: ISI GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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