Evercore analyst Elizabeth Anderson CFA maintains $McKesson (MCK.US)$ with a buy rating, and adjusts the target price from $630 to $680.
According to TipRanks data, the analyst has a success rate of 38.0% and a total average return of -8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $McKesson (MCK.US)$'s main analysts recently are as follows:
The shares of McKesson experienced a 5% increase following a solid financial performance that countered the prevailing skeptical view on the company's long-term targets.
The firm commented that McKesson exhibited strong performance across all segments, with particularly robust results in US Pharma during the second quarter. Furthermore, the guidance suggests an anticipation of segment EBIT growth acceleration in FY25, which the firm finds encouraging.
McKesson has addressed several concerns and eliminated a number of significant obstacles. The company, along with its peers, has consistently reported robust updates. Large-cap healthcare stocks are notably under-represented in portfolios and are comparatively undervalued. There seems to be no compelling reason why the company would not re-approach its recently higher valuation multiples.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
