TD Cowen Reaffirms Their Buy Rating on Cencora (COR)

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According to TipRanks, Rhyee is a 4-star analyst with an average return of 3.4% and a 49.19% success rate. Rhyee covers the Healthcare sector, focusing on stocks such as Cencora, IQVIA Holdings, and Veradigm.

In addition to TD Cowen, Cencora also received a Buy from Wells Fargo’s Stephen Baxter in a report issued on May 28. However, on May 27, Bank of America Securities maintained a Hold rating on Cencora (NYSE: COR).

Based on Cencora’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $78.36 billion and a net profit of $1.64 billion. In comparison, last year the company earned a revenue of $75.45 billion and had a net profit of $717.87 million

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COR in relation to earlier this year.