UBS Maintains a 'Buy' on Cardinal Health (CAH); Color on Safeway Contract
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Price: $235.17 +1.70%
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Cardinal Health (NYSE: CAH) price target lowered from $51 to $50.
Analyst, Steven Valiquette, said, "CAH management officially confirmed what was already generally known that the Safeway (NYSE: SWY) drug distribution contract was won from McKesson (NYSE: MCK). Mgmt clarified the contract includes both brands and generics (some conjectured that SWY may revert back to buying generics direct, but CAH refuted this notion). This ~$3 bil annual contract should add $0.09-0.11 EPS for CAH (w/ est. 1.00-1.25% net margin). CAH also confirmed both its Walgreen (NYSE: WAG) & CVS (NYSE: CVS) contracts are set to renew in mid-‘13." (UBS raises FY13 EPS from $3.65 to $3.58)
For an analyst ratings summary and ratings history on Cardinal Health click here. For more ratings news on Cardinal Health click here.
Shares of Cardinal Health closed at $43.33 yesterday.
Analyst, Steven Valiquette, said, "CAH management officially confirmed what was already generally known that the Safeway (NYSE: SWY) drug distribution contract was won from McKesson (NYSE: MCK). Mgmt clarified the contract includes both brands and generics (some conjectured that SWY may revert back to buying generics direct, but CAH refuted this notion). This ~$3 bil annual contract should add $0.09-0.11 EPS for CAH (w/ est. 1.00-1.25% net margin). CAH also confirmed both its Walgreen (NYSE: WAG) & CVS (NYSE: CVS) contracts are set to renew in mid-‘13." (UBS raises FY13 EPS from $3.65 to $3.58)
For an analyst ratings summary and ratings history on Cardinal Health click here. For more ratings news on Cardinal Health click here.
Shares of Cardinal Health closed at $43.33 yesterday.
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