Wells Fargo Maintains Overweight Rating on Cencora (COR)

On May 11, 2026, Wells Fargo expert Stephen Baxter lowered the firm’s terms people connected Cencora, Inc. (NYSE:COR) to $331 from $429 portion maintaining an Overweight standing connected the shares. The steadfast said the magnitude of the slowdown successful U.S. healthcare net maturation was disappointing, though Wells Fargo noted that Cencora’s halfway maturation trends remained mostly successful enactment with peers Cardinal Health and McKesson. The steadfast added that if halfway maturation remains astatine existent levels, the valuation spread versus peers could narrow.

On May 7, 2026, Citi besides lowered the firm’s terms people connected Cencora, Inc. (NYSE:COR) to $355 from $405 portion maintaining a Buy standing connected the shares. The steadfast described the company’s fiscal Q2 U.S. healthcare results arsenic disappointing.

On May 6, 2026, Cencora, Inc. (NYSE:COR) reported Q2 adjusted EPS of $4.75, versus the statement estimation of $4.73. Revenue totaled $78.4B, versus the statement estimation of $81.04B. President and CEO Robert P. Mauch said the institution delivered coagulated quarterly results arsenic teams continued executing to enactment lawsuit needs. Mauch added that Cencora’s FY26 guidance reflects the underlying spot of the concern and its absorption connected semipermanent worth creation. The institution besides said it made advancement connected indebtedness simplification during the 4th and expects to resume opportunistic stock repurchases successful the 2nd fractional of the fiscal year.

Cencora, Inc. (NYSE:COR) sources and distributes pharmaceutical products successful the United States and internationally.

While we admit the imaginable of COR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.