nysecah
Key Points Cardinal Health updated guidance, and analysts cheer.The analysts are raising their price targets and may push the market to a new all-time high in 2023.Share repurchases worth 10% of the market cap will help support the action over the next 2 years.5 stocks we like better than Cardinal HealthShares of Cardinal Health (NYSE:CAH) have nearly doubled over the last year and are leading the S&P 500 in 2023, but the gains are not over. The company updated its outlook at the recent investor day, and the details are bullish for the market. The takeaway is that profitability is on the rise,...
ValueWalk
The healthcare sector has significantly outperformed the broader market so far this year, as demonstrated by the roughly flat return of the S&P 500 Healthcare Sector Index. The S&P 500 has plummeted more than 20% year to date. A flat return suggests the possibility of a wide dispersion within healthcare, and that’s certainly the case. Some healthcare names have outperformed their index dramatically, while others have generated negative or lackluster returns. Q3 2022 hedge fund letters, conferences and more Cardinal Health Inc (NYSE:CAH) and McKesson Corp (NYSE:MCK) are both firmly in the outpe...
ValueWalk
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