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Analysts Offer Insights on Healthcare Companies: Annexon Biosciences (ANNX), McKesson (MCK) and Alector (ALEC)

Tipranks - Fri May 8, 11:24PM CDT

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Annexon Biosciences (ANNX), McKesson (MCK) and Alector (ALEC).

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Annexon Biosciences (ANNX)

In a report released yesterday, Phil Nadeau from TD Cowen maintained a Buy rating on Annexon Biosciences. The company’s shares closed last Thursday at $5.52.

According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 11.5% and a 49.0% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as MoonLake Immunotherapeutics, XOMA Royalty Corporation, and BioMarin Pharmaceutical. ;'>

Annexon Biosciences has an analyst consensus of Strong Buy, with a price target consensus of $15.40.

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McKesson (MCK)

TD Cowen analyst Charles Rhyee reiterated a Buy rating on McKesson yesterday and set a price target of $1012.00. The company’s shares closed last Thursday at $754.76.

According to TipRanks.com, Rhyee is a 4-star analyst with an average return of 2.7% and a 49.0% success rate. Rhyee covers the Healthcare sector, focusing on stocks such as BrightSpring Health Services, Inc., Fortrea Holdings Inc., and Charles River Labs. ;'>

Currently, the analyst consensus on McKesson is a Strong Buy with an average price target of $963.38, implying a 30.2% upside from current levels. In a report issued on April 28, William Blair also initiated coverage with a Buy rating on the stock with a $828.00 price target.

Alector (ALEC)

In a report released yesterday, Yaron Werber from TD Cowen maintained a Hold rating on Alector. The company’s shares closed last Thursday at $2.44.

According to TipRanks.com, Werber is a 5-star analyst with an average return of 25.1% and a 60.0% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Terns Pharmaceuticals, and Ionis Pharmaceuticals. ;'>

Currently, the analyst consensus on Alector is a Hold with an average price target of $3.63, which is a 41.8% upside from current levels. In a report released today, TipRanks – Anthropic also upgraded the stock to Hold with a $2.50 price target.

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