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Fly News Breaks for September 16, 2016
MCK
Sep 16, 2016 | 08:08 EDT
As previously reported, Goldman downgraded McKesson to Neutral from Buy and lowered its price target to $189 from $210. Analyst Robert Jones said softer brand price inflation presents additional risk to earnings, combined with headwinds from generics, M&A related contract losses, and foreign exchange. The analyst does not foresee any compelling earnings drivers outside of unknown M&A or capital deployment to push shares higher.
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