McKesson price target raised to $505 from $450 at Mizuho

Mizuho raised the firm’s price target on McKesson to $505 from $450 and keeps a Neutral rating on the shares post the fiscal Q3 report. Operating trends were good, but given the lack of visibility into future impacts of the Rite Aid bankruptcy, the free cash flow guidance reduction, and slowing growth in GLP-1s, some softness in the stock is likely given the elevated valuation, the analyst tells investors in a research note.