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MCK

McKesson

$141.33

-0.02 (-0.01%)

08:09
11/23/16
11/23
08:09
11/23/16
08:09

McKesson downgraded to Underperform on capital efficiency at Credit Suisse

As previously reported, Credit Suisse downgraded McKesson (MCK) to Underperform from Neutral and lowered its price target to $131 from $150. Analyst Robert Willoughby believes AmerisourceBergen (ABC) and Cardinal Health (CAH) have material competitive advantages in their generic sourcing capabilities from a committed capital standpoint versus McKesson, and both companies appear better positioned to win and retain business without diluting profit opportunities. Further, the analyst said McKesson's average invested capital base is about equal to the sum of its competitors, and sees higher capital requirements and lower earnings ahead.

MCK McKesson
$141.33

-0.02 (-0.01%)

11/09/16
MZHO
11/09/16
UPGRADE
Target $147
MZHO
Buy
McKesson upgraded to Buy on Trump win at Mizuho
As previously reported, Mizuho analyst Ann Hynes upgraded McKesson to Buy from Neutral, as she believes rhetoric on drug pricing will now "diminish significantly" following Donald Trump's presidential victory. She maintains her price target of $147 on McKesson shares.
11/09/16
11/09/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Costco (COST) upgraded to Buy from Hold at Edward Jones. 2. U.S. Steel (X) and Commercial Metals (CMC) were upgraded to Buy from Hold at Jefferies. 3. Sysco (SYY) upgraded to Equal Weight from Underweight at Barclays with analyst Karen Short citing greater confidence in the company's three-year plan following its first quarter results. 4. Lockheed Martin (LMT) upgraded to Buy from Hold at Deutsche Bank with analyst Myles Walton saying 2016 should be the first year of positive defense spending outlays since 2010 after the Republicans retained control of Congress and added the White House. 5. McKesson (MCK) upgraded to Buy from Neutral at Mizuho with analyst Ann Hynes saying she believes rhetoric on drug pricing will now "diminish significantly" following Donald Trump's presidential victory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/11/16
STPT
11/11/16
DOWNGRADE
STPT
Hold
McKesson downgraded to Hold from Buy at Standpoint Research
11/23/16
FBCO
11/23/16
DOWNGRADE
FBCO
Underperform
McKesson downgraded to Underperform from Neutral at Credit Suisse

TODAY'S FREE FLY STORIES

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General news
FX Action: USD-JPY clocked a fresh low of 111.46 »

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NXTM

NxStage Medical

$23.46

0.13 (0.56%)

21:43
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Initiation
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BL

BlackLine

$37.80

-0.26 (-0.68%)

20:56
06/26/17
06/26
20:56
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20:56
Initiation
BlackLine initiated at SunTrust »

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ULTI

Ultimate Software

$221.91

-0.25 (-0.11%)

20:56
06/26/17
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Initiation
Ultimate Software initiated at SunTrust »

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CRM

Salesforce

$88.11

-0.51 (-0.58%)

20:56
06/26/17
06/26
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Initiation
Salesforce initiated at SunTrust »

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EVBG

Everbridge

$24.66

-0.3 (-1.20%)

20:56
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Initiation
Everbridge initiated at SunTrust »

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RNG

RingCentral

$37.65

-1 (-2.59%)

20:56
06/26/17
06/26
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Initiation
RingCentral initiated at SunTrust »

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WK

Workiva

20:56
06/26/17
06/26
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Initiation
Workiva initiated at SunTrust »

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:56
06/26/17
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Initiation
HubSpot initiated at SunTrust »

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HUBS

HubSpot

$68.20

-0.7 (-1.02%)

20:55
06/26/17
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20:55
Initiation
HubSpot initiated at SunTrust »

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QTWO

Q2 Holdings

20:55
06/26/17
06/26
20:55
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Initiation
Q2 Holdings initiated at SunTrust »

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INST

Instructure

$29.55

0.4 (1.37%)

20:55
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06/26
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Initiation
Instructure initiated at SunTrust »

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MANH

Manhattan Associates

20:55
06/26/17
06/26
20:55
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Initiation
Manhattan Associates initiated at SunTrust »

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PCTY

Paylocity

$47.39

-1.65 (-3.36%)

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Paylocity initiated at SunTrust »

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SHOP

Shopify

$92.04

-2.44 (-2.58%)

20:55
06/26/17
06/26
20:55
06/26/17
20:55
Initiation
Shopify initiated at SunTrust »

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LH

LabCorp

$152.30

0.68 (0.45%)

20:10
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06/26
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20:10
Downgrade
LabCorp rating change at KeyBanc »

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ATXI

Avenue Therapeutics

20:06
06/26/17
06/26
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Syndicate
Avenue Therapeutics 5.5M share IPO priced at $6.00 »

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  • 27

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NXPI

NXP Semiconductors

$109.73

-0.25 (-0.23%)

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Hot Stocks
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PDCE

PDC Energy

$42.88

-1.84 (-4.11%)

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Hot Stocks
PDC Energy CEO 'disappointed' with Clean Air Act complaint »

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MRIN

Marin Software

$1.18

0.025 (2.17%)

19:17
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Hot Stocks
Marin Software names Brad Kinnish CFO »

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GM

General Motors

$34.52

0.32 (0.94%)

19:15
06/26/17
06/26
19:15
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19:15
Earnings
General Motors: Previous FY17 EPS view unchanged »

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