Goldman Sachs Adds McKesson (MCK) to Conviction Buy List

Goldman Sachs added McKesson (NYSE: MCK) to its Conviction Buy list with a price target of $103.

The firm sees greater upside in McKesson then AmerisourceBergen (NYSE: ABC), which was removed from the list. Upside will be driven by: sector-high growth on less headwinds and more favorable generic launch timing; contract risk that they see as manageable; discounted valuation at a PEG of 0.8X versus its historical PEG of 1.1x and peers ABC/CAH at 1.0X/1.1X despite higher growth at McKesson.

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 $81.94 yesterday.

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