Citi raised the firm’s price target on Cencora (COR) to $355 from $330 and keeps a Buy rating on the shares. The firm continues to be impressed with Cencora’s U.S. results, saying they “firmly establish” the company as a “safe haven” trade amid outsized market volatility. The company posted a “beat-and-raise” quarter largely due to broad-based U.S. strength across its “well-diversified” specialty book of business, the analyst tells investors in a research note.
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