McKesson price target raised to $590 from $566 at BofA

BofA raised the firm’s price target on McKesson to $590 from $566 and keeps a Buy rating on the shares. McKesson reported a weaker than expected quarter with revenue, operating profit and EPS all missing Street expectations, but this was offset by strong first time FY25 EPS guidance, the analyst tells investors. Multiple expansion from these levels may prove more challenging as growth normalizes, but the firm is “encouraged” by the company’s initial FY25 guidance, the analyst added.