These Analysts Boost Their Forecasts On McKesson Following Upbeat Earnings

McKesson MCK reported better-than-expected second-quarter financial results on Wednesday.

McKesson reported quarterly earnings of $7.07 per share which beat the analyst consensus estimate of $6.88 per share. The company reported quarterly sales of $93.70 billion which beat the analyst consensus estimate of $89.33 billion.

McKesson shares gained 4.6% to close at $549.31 on Wednesday.

These analysts made changes to their price targets on McKesson following earnings announcement.

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• Baird analyst Eric Coldwell upgraded McKesson from Neutral to Outperform and raised the price target from $531 to $688.
• Evercore ISI Group analyst Elizabeth Anderson maintained McKesson with an Outperform rating and raised the price target from $560 to $680.

Considering buying MCK stock? Here’s what analysts think:

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