Mizuho Securities Upgrades McKesson (MCK) to Buy Following Trump Win

November 9, 2016 7:47 AM EST
Get Alerts MCK Hot Sheet
Price: $149.45 +0.69%

Rating Summary:
    9 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 22 | New: 54
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Mizuho Securities upgraded McKesson (NYSE: MCK) from Neutral to Buy with a price target of $147.00 following Trump victory.

Analyst Ann Hynes commented, "They are our only Neutral ratings in the drug supply chain. We think rhetoric on drug pricing will diminish significantly, leading to more stable earnings (and potential upside) if/when changes in manufacturer drug pricing becomes more stable."

For an analyst ratings summary and ratings history on McKesson click here. For more ratings news on McKesson click here.

Shares of McKesson closed at $130.51 yesterday.

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