Cencora Raises Price Target to $417 as JPMorgan Boosts Estimate Following Financial Model Update

JPMorgan raised Cencora's (COR) price target to $417 from $344 with an Overweight rating after the company updated its financial model. Cencora plans to invest $1 billion through 2030 to strengthen its US supply chain and reported Q4 FY25 results that surpassed Street expectations. The company raised its quarterly dividend by 9% to $0.60 per share and raised its long-term guidance, projecting adjusted operating income growth of 6% to 9% and adjusted EPS growth of 9% to 13%.