McKesson Got Some Good News


In a report released yesterday, Ronnie Moas from Standpoint Research upgraded McKesson (NYSE: MCK) to Buy. The company’s shares closed yesterday at $138.52, close to its 52-week low of $131.43.

According to TipRanks.com, Moas is a 5-star analyst with an average return of 6.1% and a 70.1% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as Western Digital, LyondellBasell, and Whirlpool Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for McKesson with a $160.60 average price target, a 15.9% upside from current levels. In a report issued on June 28, Robert W. Baird also reiterated a Buy rating on the stock with a $169 price target.

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McKesson’s market cap is currently $27.98B and has a P/E ratio of 617.57. The company has a Price to Book ratio of 2.85.

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McKesson Corp. engages in the provision of supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. It operates through the McKesson Distribution Solutions and McKesson Technology Solutions business segments.

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