Barclays Initiates Coverage On Cencora with Overweight Rating, Announces Price Target of $242
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Stephanie Davis has initiated coverage on Cencora (NYSE:COR) with an Overweight rating and set a price target of $242.
January 03, 2024 | 10:25 am
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Barclays has initiated coverage on Cencora with an Overweight rating and a price target of $242, which could positively influence the stock's performance.
The initiation of coverage by a major bank like Barclays with an Overweight rating suggests a bullish view on Cencora's stock. The price target of $242 indicates a potential upside from the current trading price, which could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100