UBS Starts Cardinal Health (CAH) at Neutral
- S&P, Dow fall with health stocks; Microsoft lifts Nasdaq
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
- General Electric (GE) Tops Q3 EPS by 2c; Updates FY16 EPS Outlook
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
UBS initiates coverage on Cardinal Health (NYSE: CAH) with a Neutral rating and a price target of $82.00.
Analyst Michael Cherny commented, "We are initiating coverage of Cardinal Health with a Neutral rating and an $82.00 price target. CAH is in the midst of a broad-based business evolution, expanding its value proposition to hospitals by moving upstream in medical supplies / devices manufacturing while also strengthening its specialty footprint. Meanwhile, the core pharma distribution business continues to benefit from shares gains as well as acquisitions by CVS, its largest customer. However, despite these positive trends, the uncertainty surrounding drug pricing is likely to cap multiples at below historical levels, leaving upside limited near-term."
Shares of Cardinal Health closed at $75.88 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Stifel Starts Xenon Pharmaceuticals (XENE) at Buy
- Maxim Integrated (MXIM) PT Bumped to $45 at Jefferies Following In-Line Results on Note 7 Impact
- RBC Capital Raises Price Target on Benchmark Electronics (BHE) Following In-Line 3Q
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!