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Fly News Breaks for October 28, 2016
MCK
Oct 28, 2016 | 05:57 EDT
Deutsche Bank analyst George Hill downgraded McKesson to Hold citing the company's comments about sell side margin pressure and price competition. The Q2 miss and lowered guidance is likely not "the clearing event necessary to create a bottom," Hill tells investors in a post-earnings research note. He cut his price target for the shares to $153 from $196.