UBS raised the firm’s price target on McKesson to $480 from $470 and keeps a Buy rating on the shares. McKesson’s Q1 results were solid, and its diverse business model continues to be a differentiator, providing the ability to capture improved Rx economics from multiple angles, the analyst tells investors in a research note.
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Read More on MCK:
- McKesson raises FY24 adjusted EPS view to $26.55-$27.35, consensus $26.63
- McKesson board increases quarterly dividend to 62c from 54c
- McKesson board approves $6B increase to share repurchase program
- McKesson reports Q1 adjutsed EPS $7.27, consensus $5.87
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