Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Bear Stearns Cuts Cardinal Health to Peer Perform

Bear Stearns cut Cardinal Health (CAH) to peer perform.

Analyst Raymond Falci says he downgraded from outperform on increased near-term uncertainties. He notes the upside is limited by delays in business stabilization across several units, and the ongoing overhang of the expanded Securities and Exchange Commission investigation. Both factors are likely to inhibit near-term share appreciation.

Falci says while Cardinal's receipt of a subpoena suggests a possible adversarial SEC relationship, he's is less concerned by the stated (and expanded) scope of the SEC's inquiry as it doesn't appear to represent a threat to ongoing operating estimates.

Falci cut the $3.36 fiscal 2004 (Jun) EPS estimate to $3.54, cut the $4.18 fiscal 2005 EPS estimate to $3.93, and slashed the $80 target to $60.

blog comments powered by Disqus