UPDATE: Morgan Stanley Reiterates On McKesson Following Investor Day
In a report published Thursday, Morgan Stanley analyst Ricky R. Goldwasser reiterated an Overweight rating on McKesson (NYSE: MCK), and raised the price target from $197.00 to $205.00.
In the report, Morgan Stanley noted, “Investor day showcased MCK's mkt leadership, favorable ind trends and mgmt breadth. Incr margin targets highlight expansion levers, complemented by cap deployment. W/ strong generic inflation, Celesio & PSS synergies, and generic scale oppty, we view MCK as best positioned in group. PT to $205.”
McKesson closed on Wednesday at $187.35.
Latest Ratings for MCK
|Sep 2016||Goldman Sachs||Downgrades||Buy||Neutral|
|Aug 2016||JP Morgan||Maintains||Overweight|
|Jul 2016||Morgan Stanley||Maintains||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.