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UPDATE: Bank Of America Reiterates On McKesson Ahead Of 4Q14 EPS

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In a report published Tuesday, Bank of America analyst Robert M. Willoughby reiterated an Underperform rating on McKesson (NYSE: MCK), and raised the price target from $160.00 to $165.00.

In the report, Bank of America noted, “Rebounding profitability in MCK's core drug wholesaling operations, traction for its ancillary franchises, and capital deployment initiatives should drive industry-leading earnings growth over a leaner infrastructure. However, at valuation highs following the announcement of its Celesio acquisition, we see more attractive investment opportunities elsewhere.”

McKesson closed on Monday at $174.23.

Latest Ratings for MCK

DateFirmActionFromTo
Nov 2016Credit SuisseMaintainsUnderperform
Nov 2016Credit SuisseDowngradesNeutralUnderperform
Nov 2016Standpoint ResearchDowngradesBuyHold

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Posted-In: Bank of America Robert M. WilloughbyAnalyst Color Price Target Analyst Ratings

 

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