UPDATE: ISI Group Initiates McKesson Corporation with Overweight on Growth Outperformance Expectations

ISI Group initiated McKesson Corporation

with a rating of Overweight and a price target of $104. ISI Group commented, "Our thesis for MCK is based on our view that the company's diverse distribution portfolio will continue to drive above-market operating growth, that significant EPS power upside remains in the MTS business given below-target operating margins, and that the company's fortress-like balance sheet and savvy capital deployment will continue to enhance shareholder returns." McKesson Corporation closed at $93.60 on Wednesday.