Leerink Partners Initiates Coverage On Cencora with Outperform Rating, Announces Price Target of $261
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Michael Cherny initiates coverage on Cencora (NYSE:COR) with an Outperform rating and a price target of $261.

February 26, 2024 | 2:00 pm
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Leerink Partners initiated coverage on Cencora with an Outperform rating and set a price target of $261.
Analyst ratings, especially from reputable firms like Leerink Partners, can significantly influence investor sentiment and stock prices. An Outperform rating suggests that the analyst believes Cencora will outperform the market or its sector, potentially leading to an increase in its stock price. The high price target of $261 further underscores the analyst's bullish outlook on the stock, which could attract more investors to Cencora, driving up its price in the short term.
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