Wells Fargo Raises Outlook on Cardinal Health (CAH), Cites Broad Business Strength

Wells Fargo has raised its price target for Cardinal Health (CAH) to $256 from $237, reiterating an Overweight rating following strong Q2 performance and increased earnings estimates. The firm highlighted broad business strength, particularly in Pharmaceutical and Specialty segments, with momentum expected to continue. Cardinal Health also raised its fiscal 2026 profit outlook, driven by strong demand for specialty medicines, though GLP-1 drugs are not yet expected to significantly impact near-term profits.

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