Evercore ISI analyst Elizabeth Anderson raised the firm’s price target on Cardinal Health (CAH) to $220 from $190 and keeps an Outperform rating on the shares. Cardinal Health kicked off FY26 with a “bang,” showcasing robust performance across all segments and a notable 37% year-over-year adjusted operating income increase as Pharma execution shines, “Other” accelerates, and Global Medical Products and Distribution margins recover, the analyst tells investors in a research note. The firm added that the outlook suggests even more potential upside.
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