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Cardinal Health price target lowered to $94 from $96 at Wells Fargo

Wells Fargo analyst Stephen Baxter lowered the firm’s price target on Cardinal Health to $94 from $96 and keeps an Underweight rating on the shares following the recently announced loss of the Optum contract and also for Cardinal’s re-segmentation. The firm’s 2025/2026 EPS estimates decrease by about 2%.

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