Wells Fargo Initiates Coverage On Cardinal Health with Underweight Rating, Announces Price Target of $96
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stephen Baxter has initiated coverage on Cardinal Health (NYSE:CAH) with an Underweight rating and set a price target of $96.

December 14, 2023 | 12:43 pm
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Wells Fargo initiated coverage on Cardinal Health with an Underweight rating and a price target of $96, which could influence the stock's performance.
The initiation of coverage by Wells Fargo with an Underweight rating suggests that the analyst believes Cardinal Health's stock may underperform the market or its sector. The announcement of a specific price target provides a benchmark that could influence investor expectations and the stock's market price in the short term. Given that analyst ratings can impact investor sentiment, this news is likely to put downward pressure on the stock price.
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IMPORTANCE 80
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