UPDATE: ISI Group Initiates McKesson Corporation with Overweight on Growth Outperformance Expectations
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
|Jun 2016||Bank of America||Reinstates||Neutral|
|May 2016||Avondale Partners||Downgrades||Market Outperform||Market Perform|
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