BUZZ - Cardinal Health shares surge due to CVS distribution agreement extension

October 1 - ** Healthcare services company Cardinal Health CAH.N shares rose 3.8% to $231.13

** The company (link) signed a binding letter of intent with healthcare company CVS Health CVS.N to extend the pharmaceutical distribution agreement until June 2032

** The agreement will maintain Cardinal Health’s existing distribution services for CVS Health

** The company reaffirmed its target for adjusted earnings per share (EPS) growth in fiscal year 2027 at 13%-15%, expecting EPS to be $12.40-$12.60

** Cardinal Health also reaffirmed its long-term target for adjusted EPS growth at 12%-14%

** Cardinal Health shares have risen nearly 14% so far this year

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