Cardinal Health (NYSE:CAH) Targets Double-Digit EPS Growth Amid IRA Tailwinds and Healthcare Sector Strength

Cardinal Health, Inc. (NYSE:CAH) is one of the 15 best stocks to invest in for an 18 year old. BofA Securities analyst Michael Cherny raised his price target for Cardinal Health, Inc. (NYSE:CAH) shares from $165 to $170 on June 10 while reiterating his Buy rating for the company’s shares. The change was made ahead of Cardinal Health’s June 12 investor day, where the company is expected to provide an updated financial outlook.

Cardinal Health (NYSE:CAH) Targets Double-Digit EPS Growth Amid IRA Tailwinds and Healthcare Sector Strength

Expectations for the event are especially high, Cherny said, given Cardinal Health’s impressive performance over the past two years in addition to positive industry trends, including higher utilization and adjustments to the Inflation Reduction Act (IRA) which influence out-of-pocket costs.

In addition to potentially announcing improvements to its Pharmaceutical and Specialty Solutions EBIT growth forecasts, analysts expect Cardinal Health, Inc. (NYSE:CAH) to lay out the foundation for attaining sustainable double-digit earnings per share growth. Moreover, the company plans on updating investors about its latest forays into specialized fields, such as and Specialty networks.

Cardinal Health, Inc. (NYSE:CAH) is a multinational health care services company that provides tailored solutions for ambulatory surgery centers, pharmacies, hospitals, and healthcare systems.

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Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

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