Market Overview

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

Share:
Related CAH
The Market In 5 Minutes: GM And Gap Earnings, Retail Sales Data
Keep an Eye on These 12 Stocks for February 7, 2017
The Vetr community has upgraded $CAH to 3-Stars. (Vetr)

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
Jan 2017MizuhoDowngradesBuyNeutral
Dec 2016Leerink SwannDowngradesOutperformMarket Perform
Oct 2016BairdDowngradesOutperformNeutral

View More Analyst Ratings for CAH
View the Latest Analyst Ratings

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

 

Related Articles (CAH)

View Comments and Join the Discussion!