BofA Securities analyst Allen Lutz maintains $McKesson (MCK.US)$ with a buy rating, and maintains the target price at $635.
According to TipRanks data, the analyst has a success rate of 55.0% and a total average return of 2.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $McKesson (MCK.US)$'s main analysts recently are as follows:
McKesson's solid performance has effectively challenged the bearish long-term projections concerning target risks, as evidenced by a 5% increase in shares.
The firm noted that McKesson's strong results were evident across all segments, with the F2Q performance in US Pharma being particularly robust. Additionally, the implication of segment EBIT acceleration in FY25, as suggested by the midpoint of the guidance, is seen as encouraging.
McKesson has resolved several concerns and eliminated some significant issues. The company, along with its peers, has consistently reported strong updates. The large-cap healthcare sector is seen as comparatively less saturated with investors and relatively undervalued. It is suggested that there is no compelling reason why the company should not move back towards 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.
