Baird Maintains Outperform on Cencora, Lowers Price Target to $283
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Rodgers maintains an Outperform rating on Cencora (NYSE:COR) but lowers the price target from $287 to $283.
September 06, 2024 | 11:07 am
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Baird analyst David Rodgers continues to rate Cencora as Outperform, indicating confidence in the company's performance, but slightly lowers the price target from $287 to $283, suggesting a minor adjustment in expected valuation.
The Outperform rating suggests continued positive sentiment towards Cencora, but the slight reduction in price target indicates a minor reassessment of its valuation. This could lead to a neutral short-term impact on the stock price as the overall outlook remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100