Analyst Rating Update on McKesson Corporation (MCK)

McKesson Corporation (MCK) : Zacks Investment Research ranks McKesson Corporation (MCK) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.88, which indicates as a Buy.

McKesson Corporation (MCK) stock is expected to deviate a maximum of $18.88 from the average target price of $202.2 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $230 and the most muted being $172.

For the current week, the company shares have a recommendation consensus of Buy.


McKesson Corporation (NYSE:MCK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $193.04 and $192.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $195.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $195.14, notching a gain of 0.83% for the day. The total traded volume was 1,157,669 . The stock had closed at $193.53 on the previous day.

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers, and practice management, technology, clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical, patient care, financial, supply chain and strategic management software solutions, as well as connectivity, outsourcing and other services, including remote hosting and managed services, to healthcare organizations.

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