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Hedge fund Bridgewater cut its stake in Cardinal Health, but analysts remain optimistic, setting a target price of $140.86.
Hedge fund Bridgewater Associates LP reduced its stake in Cardinal Health by 12.1%, selling 56,504 shares in the fourth quarter, now holding 408,755 shares worth around $48.34 million.
Despite this, analysts are optimistic; multiple firms upgraded their ratings and increased price targets on Cardinal Health, with Bank of America setting the highest at $155.
The company's stock is currently valued at around $134.76 per share, with analysts giving it a "Moderate Buy" consensus and a target price of $140.86.
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El fondo de cobertura Bridgewater cortó su participación en Cardinal Health, pero los analistas siguen siendo optimistas, estableciendo un precio objetivo de 140,86 dólares.