Argus keeps a Buy rating and $270 price target on Cencora while boosting the firm’s FY24 EPS view by 4c to $13.42 and its FY25 view by 6c to $14.76. Excluding distribution of COVID products, the company projects solid growth and margin expansion in FY24, also offering soolid growth opportunities and superior business execution, the analyst tells investors in a research note. Cencora also stands to benefit from recent acquisitions, partnerships, and strategic investments, the firm added.
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