These Analysts Increase Their Forecasts On Cardinal Health After Upbeat Q4 Results

Cardinal Health Inc CAH reported better-than-expected fourth-quarter earnings and raised its guidance.

Cardinal Health reported fourth-quarter adjusted EPS of $1.55, up 48% Y/Y, beating the consensus of $1.48. Sales increased 13% to $53.45 billion, beating the consensus of $52.41 billion.

Cardinal Health raised its FY24 adjusted EPS guidance to $6.50-$6.75 from prior guidance of $6.45-$6.70 versus consensus of $6.59.

Cardinal Health shares lost 2.6% to close at $90.57 on Tuesday.

These analysts made changes to their price targets on Cardinal Health following earnings announcement.

• Mizuho increased the price target on Cardinal Health from $94 to $96. Mizuho analyst Ann Hynes maintained a Neutral rating.
• Baird raised the price target on Cardinal Health from $107 to $108. Baird analyst Eric Coldwell maintained an Outperform rating.

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