Barclays analyst Stephanie Davis maintains $McKesson (MCK.US)$ with a buy rating, and maintains the target price at $668.
According to TipRanks data, the analyst has a success rate of 44.8% and a total average return of -4.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $McKesson (MCK.US)$'s main analysts recently are as follows:
The increase in McKesson's share price by 5% has been seen as a response to strong performance figures that challenge the bearish perspective concerning long-term target risks.
Solid performance across all divisions is expected to address any investor worries regarding the company.
McKesson has addressed and alleviated several of the firm's concerns, removing significant uncertainties. The company, along with its peers, has consistently provided robust updates. Large-cap healthcare stocks are presently seen as somewhat undervalued and not widely held. The expectation is set for the company to revert to its recently higher valuation multiples, although a compelling rationale for this is not firmly presented.
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.
