Evercore analyst Elizabeth Anderson CFA maintains $McKesson (MCK.US)$ with a buy rating, and maintains the target price at $680.
According to TipRanks data, the analyst has a success rate of 40.2% and a total average return of -6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $McKesson (MCK.US)$'s main analysts recently are as follows:
The recent increase in McKesson's share value by 5% was a response to robust financial results that addressed and diminished the concerns of those with a bearish perspective regarding the company's long-term targets.
The firm indicated that robust results across all divisions should alleviate any investor worries.
McKesson has alleviated several concerns and has resolved some significant uncertainties. The company, along with its peers, has continued to provide robust updates. Large-cap healthcare is currently not widely held and is reasonably priced. There appears to be no compelling reason why the company would not revert to 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.
