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Cardinal Health  (CAH) – Get Report shares dropped on Thursday after the pharmaceutical distribution major issued a weaker-than-expected earnings forecast and Bank of America double-downgraded the stock to underperform.

BofA cuts its price target to $56 from $69.

The stock recently traded at $51.17, down 13%, leaving it down 9% over the past six months.

For fiscal 2022, Cardinal predicted adjusted profit from continuing operations of $5.60 to $5.90 a share, below analysts’ forecast of $6.16.

“The company’s guidance was a mix of operational headwinds, incremental investments that were unexpected, and a less aggressive capital deployment plan than we would have assumed vs. the company’s available cash flow,” analyst Michael Cherny wrote, according to Bloomberg.

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Cardinal, along with those two competitors, last month joined with drug giant Johnson & Johnson in a $26 billion settlement to end thousands of lawsuits filed by state governments over the opioid overdose crisis.

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Cardinal, McKesson and AmerisourceBergen will pay a combined $21 billion while Johnson & Johnson will pay $5 billion, with an extra $1 billion being paid by distributors to New York state.

In May, Cardinal reported fiscal-third-quarter results that missed Wall Street expectations and narrowed its full-year guidance.

Cardinal Health posted net income of $119 million, or 40 cents a share, a third of the $350 million, or $1.19 a share, of the year-earlier quarter.