Auriga Starts CareFusion (CFN) at Buy; More Care and Less "ConFusion"
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Price: $59.91 --0%
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Auriga initiates coverage on CareFusion (NYSE: CFN) with a Buy. PT $28.00.
Auriga analyst said, "We are impressed by CFN's market leading positions in its flagship businesses -- dispensing, infusion and respiratory. We are also of the view CFN is making steady progress as it rationalizes and simplifies the business lines inherited in the 2009 spin-off from Cardinal Health (NYSE: CAH)(NR), which we expect to result in considerable operating margin expansion and ultimately, EPS growth. While the road is a long one and may be bumpy, we think long-term investors will be rewarded. Our BUY rating is based on a 14x multiple applied to our FY13 estimate of $2.00, a slight premium to our expectations for low-teens EPS growth."
For an analyst ratings summary and ratings history on CareFusion click here. For more ratings news on CareFusion click here.
Shares of CareFusion closed at $24.02 yesterday.
Auriga analyst said, "We are impressed by CFN's market leading positions in its flagship businesses -- dispensing, infusion and respiratory. We are also of the view CFN is making steady progress as it rationalizes and simplifies the business lines inherited in the 2009 spin-off from Cardinal Health (NYSE: CAH)(NR), which we expect to result in considerable operating margin expansion and ultimately, EPS growth. While the road is a long one and may be bumpy, we think long-term investors will be rewarded. Our BUY rating is based on a 14x multiple applied to our FY13 estimate of $2.00, a slight premium to our expectations for low-teens EPS growth."
For an analyst ratings summary and ratings history on CareFusion click here. For more ratings news on CareFusion click here.
Shares of CareFusion closed at $24.02 yesterday.
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