Analysts say McKesson (MCK) Earnings Bias Points North of Estimates

UBS reiterated a Buy on McKesson (NYSE: MCK) and raised its price target to $105.00 (from $103.00).

Analysts said they believe McKesson is poised to report EPS upside for its upcoming quarter thanks to better–than-expected brand inflation.

"The last time this occurred mid-year was in 2010, and we note that in C3Q10 MCK reported adjusted of $1.21 vs. Street’s $1.09, with better-than-expected brand inflation cited as a major source of upside."

UBS is calling for Q3 EPS of $1.79 while street estimates are at $1.78. Analysts think there is upside bias to both estimates.

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 $89.00 yesterday.

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