UPDATE: JP Morgan Raises PT on McKesson Corporation on Updated F2014 EPS Estimate
In a report published Tuesday, JP Morgan reiterated its Overweight rating on McKesson Corporation (NYSE: MCK) and raised its price target from $111.00 to $112.00.
JP Morgan reported that, “We believe there could be upside to our estimates driven by a variety of factors better business performance, lower interest expense, greater share repurchases) yet we are comfortable with our estimates given that we view F2014 as a transition year for McKesson
McKesson Corporation closed at $102.12 on Monday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.