BofA analyst Michael Cherny upgraded Cardinal Health (CAH) to Buy from Neutral with a price target of $145, up from $132. Cardinal’s organic growth in the core pharma segment has begun to outpace peers, notes the firm, which believes growth is likely to exceed Street expectations over the next year. Cardinal’s “impressive” growth is coming from new and existing customers, as well as a “unique PBM tailwind” that BofA estimates could contribute 2-3 percentage points to EPS growth through FY26, the analyst added.
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