Cencora (COR) continues to exhibit a
strong performance, obtaining a consistent 'Moderate Buy' rating from analysts. The company declared a
dividend of $0.51, and its Q2 earnings managed to exceed estimates. This performance led to the raising of the revenue guidance for the 2024 fiscal year and an increase in the company's price target to $277.00, then again to $280.00. However,
Inside selling has been surfaced, with key executives like the Chairman, President & CEO Steven Collis and Executive Vice Presidents disposing of shares. This raises some concerns. Despite these, Cencora continues to be considered a
robust value and growth stock for long-term investors. Even though the company underperformed some days compared to its competitors, there were more days it outperformed them significantly. The outlook remains promising with Cencora's perceived undervaluation offering
material growth potential.
Recent developments include the CEO change and the company's decision to buy back shares to boost shareholder value.
Cencora COR News Analytics from Wed, 30 Aug 2023 07:00:00 GMT to Thu, 09 May 2024 22:09:06 GMT -
Rating 7
- Innovation 0
- Information 6
- Rumor 2
