UBS Starts McKesson (MCK) at Neutral

October 6, 2016 6:57 AM EDT
Get Alerts MCK Hot Sheet
Price: $148.21 +0.70%

Rating Summary:
    8 Buy, 15 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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UBS initiates coverage on McKesson (NYSE: MCK) with a Neutral rating and a price target of $182.00.

Analyst Michael Cherny commented, "We are initiating coverage on McKesson with a Neutral rating and a $182 price target. McKesson has been one of the steadiest performers across healthcare for the last decade, with strong growth in core distribution (pharma and medical) and consistent expansion through M&A. MCK is also generating strategic value for the Technology Solutions business, a long-term underperformer. While headwinds such as branded drug pricing and client losses will slow growth in the short-term, the overhang and uncertainty surrounding drug pricing ahead of the election leaves limited upside for multiple expansion back to normalized levels, thereby capping upside potential."

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 $165.67 yesterday.

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