Analysts are Increasing Price Targets of These 5 Stocks

In this article, we discuss the 5 stocks receiving price-target hikes from analysts. If you want to see more such stocks on the list, go directly to Analysts are Increasing Price Targets of These 10 Stocks.

5. Cardinal Health, Inc. (NYSE:CAH)

Number of Hedge Fund Holders: 45

Shares of Cardinal Health, Inc. (NYSE:CAH) advanced nearly two percent this morning after Credit Suisse lifted its price target for the healthcare services company from $64 per share to $79 per share. The research firm said the updated price target reflects the management’s commentary on the recent earnings call.

Earlier this month, Cardinal Health, Inc. (NYSE:CAH) reported better-than-expected financial results for its fiscal first quarter and reaffirmed its adjusted earnings outlook for the full year.

Speaking on the results, CEO of Cardinal Health, Inc. (NYSE:CAH), Jason Hollar, said:

“Our performance in the first quarter demonstrated stable fundamentals in the Pharmaceutical segment and tangible progress in the Medical segment. We are reaffirming our full year non-GAAP EPS guidance as we remain focused on our Medical Improvement Plan initiatives and building upon the growth of our Pharmaceutical business. Across the company, we are operating with urgency to drive our businesses forward and remain committed to creating shareholder value.”