Cencora price target raised to $245 from $240 at Jefferies

Jefferies raised the firm’s price target on Cencora (COR) to $245 from $240 and keeps a Hold rating on the shares. While lower operating profit growth in FY25 had been communicated and remains the expectation, Jefferies thinks there’s been ample time to digest that outlook, the analyst tells investors in a research note. The firm thinks the Retina Consultants of America deal will allow Cencora to grow towards the upper end of its long-term guidance in FY26, but views the stock as fully-valued at current levels.