McKesson (MCK) PT Raised to $74 at Jefferies

Jefferies analyst Rob Dickerson raised the price target on McKesson (NYSE: MCK) to $74.00 (from $73.00) while maintaining a Hold rating.

The analyst comments "MKC met a recently lowered Q2 org growth bar, and despite QSR / packaged food volume softness, Flavor Solutions volumes were better than feared with ongoing initiatives for more value-add options discussed. Targeted price gap mgmt. returned Consumer to volume growth. Perimeter of store shopping behaviors could benefit, but price gaps still wide, in our view, keeping us HOLD-rated."

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