McKesson (MCK) PT Raised to $185 at Jefferies as Recovery Thesis Plays Out and Resiliency Shines
- Futures falter as Meta Platforms weighs on megacaps
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
McKesson (MCK) PT Raised to $204 at Morgan Stanley
August 4, 2020 7:51 AM EDTMorgan Stanley analyst Ricky Goldwasser raised the price target on McKesson (NYSE: MCK) to $204.00 (from $194.00) while maintaining a Overweight rating.... More
McKesson (MCK) PT Raised to $162 at Credit Suisse
August 4, 2020 6:13 AM EDTCredit Suisse analyst Jalindra Singh raised the price target on McKesson (NYSE: MCK) to $162.00 (from $160.00) while maintaining a Neutral rating.... More
McKesson (MCK) PT Raised to $166 at Barclays
August 4, 2020 4:19 AM EDTBarclays analyst Steve Valiquette raised the price target on McKesson (NYSE: MCK) to $166.00 (from $160.00) while maintaining a Equalweight rating.... More
UPDATE: Deutsche Bank Upgrades McKesson (MCK) to Buy
August 4, 2020 4:17 AM EDT(Updated - August 4, 2020 4:50 AM EDT)
(updating comment)
Deutsche Bank analyst George Hill upgraded McKesson (NYSE: MCK) from Hold to Buy with a price target of $202.00 (from $169.00).
The analyst comments "F1Q-21 Results: MCK delivered a solid F1Q... More
Nasdaq hits record high close as traders eye M&A and stimulus
August 3, 2020 8:24 AM EDTBy Noel Randewich
(Reuters) - The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Microsoft (NASDAQ: MSFT) jumped 5.6% after it said it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
McKesson (MCK) PT Raised to $170 at UBS
August 3, 2020 7:46 AM EDTUBS analyst Kevin Caliendo raised the price target on McKesson (NYSE: MCK) to $170.00 (from $165.00) while maintaining a Buy rating.... More
McKesson (MCK) Tops Q1 EPS by 48c, Revenues Beat; Raises FY20 EPS Guidance Above Consensus
August 3, 2020 7:02 AM EDTMcKesson (NYSE: MCK) reported Q1 EPS of $2.77, $0.48 better than the analyst estimate of $2.29. Revenue for the quarter came in at $55.7 billion versus the consensus estimate of $53.99 billion.
First-Quarter Highlights, Year-over-Year:
Total revenues of $55.7 billion, flat year-over-year.Earnings per diluted share increased 20% to $2.72.Adjusted... More