Cardinal Health (NYSE: CAH) targets double-digit EPS growth amid the strength of the IRA Tailwinds and Healthcare sector

Cardinal Health, Inc. (NYSE:CAH) is one of 15 best stocks to invest for 18 years old. Bofa Securities analyst Michael Cherny is Cardinal Health, Inc. (NYSE: CAH) stock price targets were raised from $165 to $170 on June 10, and the company repeated the purchase ratings of its stock. The change came before Cardinal Health’s June 12th Investor Day. Here, the company is expected to provide the latest financial outlook.

Cherny said expectations for the event are particularly high. This said it gives the industry’s aggressive trends, including higher utilization and adjustments to the Inflation Reduction Act (IRA) that impact out-of-pocket costs, as well as the impressive performance of Cardinal Health over the past two years.

In addition to potentially unveiling improvements to drug and professional solutions EBIT growth forecasts, analysts hope that Cardinal Health (NYSE: CAH) will lay out the foundation for achieving sustainable double-digit revenue per share. Additionally, the company plans to update investors’ latest advancements to its special networks and other latest advancements to specialist areas.

Cardinal Health, Inc. (NYSE: CAH) is a multinational healthcare services company that provides coordination solutions for outpatient surgery centers, pharmacies, hospitals and healthcare systems.

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read more: 10 Best Magic Formula Stocks of 2025 and Best Retirement Stocks to Buy According to Hedge Funds

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