economy
We're trimming a health-care stock into strength and raising our price target
It's been a remarkable turnaround for a name we started to buy a little too high and a little too fast when the Iran war broke out.
TL;DR
- Jim Cramer's Charitable Trust is selling 50 shares of Cardinal Health (CAH) at approximately $235 per share.
- Following the sale, the trust will own 375 shares of CAH, decreasing its portfolio weighting to 2.25%.
- Cardinal Health has rallied 6% this week and 20% this month, reaching a new all-time high.
- The trust is raising its price target on Cardinal Health to $245 from $225.
- The sale is a strategic move to take some profits after a significant turnaround for the stock.