Why These 5 Stocks are Skyrocketing on Friday

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

Number of Hedge Fund Holders: 38

Shares of Cardinal Health, Inc. (NYSE:CAH) hit a new 52-week high today after Mizuho and Baird lifted their price targets for the health care services company. The price-target hikes came after Cardinal posted its fiscal Q4 results and disclosed the name of its next CEO.

Cardinal Health, Inc. (NYSE:CAH) reported adjusted earnings of $1.05 per share on revenue of $47.1 billion. On the other hand, analysts were looking for earnings of $1.17 per share on revenue of $44.71 billion.

Despite the mixed quarterly performance, Mizuho lifted its price target for Cardinal Health, Inc. (NYSE:CAH) from $58 to $66, while Baird raised its price target from $57 to $73.

Meanwhile, Cardinal Health, Inc. (NYSE:CAH) made an important announcement on the earnings call, saying the current CFO Jason Hollar will become the new chief executive officer of the company, effective next month.