These Analysts Increase Their Forecasts On McKesson Following Q4 Results

Author: Avi Kapoor | May 08, 2024 09:15am

McKesson Corporation (NYSE:MCK) posted weaker-than-expected results for its fourth quarter on Tuesday.

McKesson posted adjusted earnings of $6.18 per share, missing market expectations of $6.34 per share. The company's quarterly sales came in at $76.40 billion, versus estimates of $79.32 billion, according to data from Benzinga Pro.

McKesson said it sees FY25 adjusted earnings of $31.25 to $32.05 per share, versus estimates of $31.02 per share.

McKesson shares rose 2.3% to close at $545.75 on Tuesday.

These analysts made changes to their price targets on McKesson following earnings announcement.

• Baird raised the price target on McKesson from $603 to $671. Baird analyst Eric Coldwell maintained an Outperform rating.
• UBS boosted the price target on McKesson from $620 to $630. UBS analyst Kevin Caliendo maintained a Buy rating.

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Posted In: MCK