Making Financial Headlines · Page 10
Cardinal Health Raises Its Outlook, Making Optimism Official
· New York time
Cardinal Health raised its full-year earnings guidance after another strong quarter of profits. CNBC's Investing Club also raised its price target for the drug distributor. The company has supplied a higher forecast, while the analysts have supplied a higher estimate of what the shares could be worth. Neither figure is the final result: guidance is management's expectation, and a price target is an assessment. For a business that distributes medicines, the market has prescribed a familiar treatment for good results: project more of them.
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