TD Cowen analyst Charles Ryhee raised the firm’s price target on McKesson to $495 from $491 and keeps an Outperform rating on the shares. The firm updated their model following 1Qresults where the company beat adjusted EPS and raised its FY24 guide for adusted EPS.
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Read More on MCK:
- McKesson price target raised to $480 from $470 at UBS
- 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