Morgan Stanley Upgrades Cencora, Calls Drug Distributors' Industry a 'Golden Era'
ByAinvest
Thursday, Jan 29, 2026 12:30 pm ET1min read
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Morgan Stanley has upgraded Cencora and raised price targets for its rivals, McKesson and Cardinal Health, citing a "golden era" for drug distributors. The analyst, Erin Wright, believes that the industry deserves a premium valuation due to favorable market conditions. Cencora was specifically upgraded, with Wright highlighting the company's strong performance and growth potential.
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