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Wall Street Analysts Are Bullish on Top Healthcare Picks

Tipranks - Mon Mar 9, 10:26PM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on McKesson (MCKResearch Report) and Medtronic (MDTResearch Report) with bullish sentiments.

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McKesson (MCK)

In a report issued on March 5, Charles Rhyee from TD Cowen maintained a Buy rating on McKesson, with a price target of $1012.00. The company’s shares closed last Friday at $919.26.

According to TipRanks.com, Rhyee is a 4-star analyst with an average return of 3.0% and a 50.0% success rate. Rhyee covers the Healthcare sector, focusing on stocks such as BrightSpring Health Services, Inc., Fortrea Holdings Inc., and Charles River Labs. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for McKesson with a $997.10 average price target, which is a 7.5% upside from current levels. In a report issued on February 18, Barclays also maintained a Buy rating on the stock with a $1050.00 price target.

See the top stocks recommended by analysts >>

Medtronic (MDT)

TD Cowen analyst Josh Jennings maintained a Buy rating on Medtronic today and set a price target of $119.00. The company’s shares closed last Friday at $90.90.

According to TipRanks.com, Jennings is a 4-star analyst with an average return of 3.6% and a 47.9% success rate. Jennings covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Orchestra BioMed Holdings, and Edwards Lifesciences. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medtronic with a $113.83 average price target.

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