Wall Street analysts currently rate Cardinal Health (CAH) as a “Strong Buy” with an average brokerage recommendation (ABR) of 1.25. However, the article advises investors against relying solely on these recommendations due to potential positive bias from brokerage firms. Instead, it suggests using the Zacks Rank, which is based on earnings estimate revisions, as a more reliable indicator, noting that CAH currently holds a Zacks Rank #2 (Buy) due to optimistic earnings estimate revisions.
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Wall Street Analysts See Cardinal (CAH) as a Buy: Should You Invest?
Wall Street analysts currently rate Cardinal Health (CAH) as a “Strong Buy” with an average brokerage recommendation (ABR) of 1.25. However, the article advises investors against relying solely on these recommendations due to potential positive bias from brokerage firms. Instead, it suggests using the Zacks Rank, which is based on earnings estimate revisions, as a more reliable indicator, noting that CAH currently holds a Zacks Rank #2 (Buy) due to optimistic earnings estimate revisions.