Cardinal Health acquisition an incremental positive, says Leerink Leerink views Cardinal Health's acquisition of AccessClosure as an incremental positive saying the deal is in line with management's focus of growing the company's preferred product portfolio. The firm keeps an Outperform rating on the stock.
Cardinal Health raises FY16 non-GAAP EPS to $4.85-$5.05 from $4.28-$4.38 FY16 EPS consensus of $4.37. The updated guidance is due to strong FY15 performance momentum it carried into FY16. It expects financial performance to be weighted towards 2H16.