Spike In McKesson Prompts Vetr Downgrade To Hold

The Vetr crowd downgraded its rating for McKesson Corporation MCK on Monday from 4 stars (Buy), issued 11 days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally positive, with 75 percent of Vetr user ratings bullish.

Share price in McKesson spiked nearly 10 percent between its closing price on May 18, when it delivered a generally positive fourth-quarter earnings report, and its close today. While the report showed the company's sales come in more than $700 million under analyst estimates, it did post yearly growth of more than $2 billion and EPS of $3.42, 13.25 percent above analyst estimates.

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Currently, the Vetr crowd's average target price on McKesson is up at $157.10, which is still below the average analyst target price of $171.00. Less than 2 percent of Vetr users are holding MCK in their watch lists.