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Fly News Breaks for October 31, 2019
MCK
Oct 31, 2019 | 08:34 EDT
JPMorgan analyst Lisa Gill views the selloff yesterday in shares of McKesson as a buying opportunity. The stock traded down 8% yesterday despite a slight fiscal Q4 adjusted earnings beat and reaffirmed fiscal 2020 adjusted operating profit and adjusted earnings guidance, Gill tells investors in a research note. The analyst does not believe there has been a meaningful deterioration in McKesson's underlying fundamentals. She keeps an Overweight rating on the shares with a $169 price target.
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