Skip to main content

Bank of America Securities Keeps Their Buy Rating on McKesson (MCK)

Tipranks - Tue Jan 20, 2:24AM CST

Bank of America Securities analyst Allen Lutz maintained a Buy rating on McKesson on January 16 and set a price target of $950.00. The company’s shares closed last Friday at $840.46.

Claim 50% Off TipRanks Premium

Lutz covers the Healthcare sector, focusing on stocks such as Hims & Hers Health, Teladoc, and Cencora. According to TipRanks, Lutz has an average return of 12.9% and a 66.93% success rate on recommended stocks.

McKesson has an analyst consensus of Strong Buy, with a price target consensus of $950.45, representing a 13.09% upside. In a report released on January 14, Evercore ISI also maintained a Buy rating on the stock with a $1,000.00 price target.

Based on McKesson’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $103.15 billion and a net profit of $1.11 billion. In comparison, last year the company earned a revenue of $93.65 billion and had a net profit of $241 million

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.