Evercore ISI upgraded Cardinal Health (CAH) to Outperform from In Line with an unchanged price target of $140. The firm sees the company’s fiscal 2025 pharma guidance as conservative with upside to its long-term outlook. Looking forward, Cardinal has additional profit growth, partially offset by continued industry pricing headwinds, the analyst tells investors in a research note. These headwinds are largely known by investors, so slight underperformance going forward will not have a material impact, contends Evercore.
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