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

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ISI Group initiated McKesson Corporation (NYSE: MCK) 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.

Latest Ratings for MCK

DateFirmActionFromTo
Sep 2014BarclaysInitiates Coverage onOverweight
Aug 2014Credit SuisseMaintainsOutperform
Aug 2014Mizuho SecuritiesMaintainsBuy

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View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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