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MCK

McKesson

$137.66

1.57 (1.15%)

08:49
04/21/17
04/21
08:49
04/21/17
08:49

McKesson price target lowered to $140 from $155 at Leerink

Leerink analyst David Larsen lowered his price target for McKesson to $140 from $155 ahead of Q4 results and 2018 guide as the analyst is incrementally more cautious on the stock following the company's pre-announcement. Larsen reiterates a Market Perform rating on the shares.

  • 18

    May

MCK McKesson
$137.66

1.57 (1.15%)

04/18/17
LEER
04/18/17
NO CHANGE
LEER
Market Perform
Cardinal Health struggles may be benefitting AmerisourceBergen, says Leerink
Leerink analyst David Larsen noted that Cardinal Health (CAH) pointed to generic pricing and sell-side pressure and incremental investments as primary reasons for its FY18 and FY19 adjusted EPS forecasts missing expectations, but he believes there may be other challenges the business is facing too. Cardinal's loss of Prime Therapeutics and Walgreens' (WBA) recent wins from CVS Health (CVS) are other factors that may have hurt Cardinal, said Larsen, who added that both of those will benefit AmerisourceBergen (ABC). The analyst, who also said he is incrementally more cautious on McKesson (MCK) and Owens & Minor (OMI) after Cardinal's call, has an Outperform rating on AmerisourceBergen and Market Perform ratings on Cardinal Health, McKesson and O&M.
04/04/17
NEED
04/04/17
INITIATION
NEED
Hold
McKesson initiated with a Hold at Needham
Needham analyst Kevin Caliendo started McKesson with a Hold rating and $160 fair value estimate. The analyst views 2017 as a transition year for the company.
01/20/17
LEER
01/20/17
NO CHANGE
Target $155
LEER
Market Perform
McKesson price target lowered to $155 from $160 at Leerink
Leerink analyst David Larsen lowered his price target for McKesson to $155 from $160 as he believes volume and pricing trends remain challenges, the FDA will likely continue with a steady stream of generic approvals which will put pressure on pricing, Trump may be more aggressive about price controls than expected, and as the company's competitive positioning in the market has weakened due to purchasing scale. The analyst reiterates a Market Perform rating on the shares.
01/18/17
01/18/17
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. TransUnion (TRU) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Toni Kaplan saying she views TransUnion's valuation as attractive and believes organic growth estimates are achievable. 2. Nordstrom (JWN) and Burlington Stores (BURL) were upgraded to Outperform from Neutral at Credit Suisse. 3. Scorpio Bulkers (SALT) upgraded to Buy from Hold at Evercore ISI with analyst Jonathan Chappell saying the company took the painful steps of raising equity on a dilutive basis, enabling it to refinance with its banks and provide the best medium-term liquidity runway in the group. 4. McKesson (MCK) upgraded to Outperform from Market Perform at Avondale. 5. Deckers Brands (DECK) upgraded to Buy from Neutral at Buckingham with analyst Scott Krasik taking a more positive view on the recently completed holiday season and sales and margin expansion opportunities for the UGG brand through fiscal 2020, following favorable channel checks. He believes increased diversification with the UGG brand, more predictable product costs and operating expenses, and accelerating free cash flow will lead to operating margin back to a low to mid-teens rate by FY20. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GOOS

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BPY

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$24.08

0.34 (1.43%)

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BPOP

Popular

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$NSD

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MEOH

Methanex

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  • 28

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$NYE

NYSE Market Internals

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CS

Credit Suisse

$14.45

0.2 (1.40%)

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IMGN

ImmunoGen

$6.54

-0.28 (-4.11%)

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VZ

Verizon

$44.85

0.005 (0.01%)

, GOOG

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$927.33

-24.94 (-2.62%)

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TMUS

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S

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VOD

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$28.65

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TEF

Telefonica

$10.53

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MIC

Macquarie Infrastructure

$79.18

0.8299 (1.06%)

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Macquarie Infrastructure management to meet with RBC Capital »

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  • 28

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MTCH

Match Group

$17.50

-0.295 (-1.66%)

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RAD

Rite Aid

$4.04

0.2989 (7.99%)

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RAD

Rite Aid

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0.2989 (7.99%)

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MKC

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LNN

Lindsay

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GBX

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CAG

Conagra Brands

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AYI

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GOOG

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PIR

Pier 1 Imports

$5.42

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AMZN

Amazon.com

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BBY

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CPN

Calpine

$13.83

0.07 (0.51%)

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P

Pandora

$8.95

0.455 (5.36%)

, AAPL

Apple

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AAPL

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$143.73

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  • 28

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SIG

Signet Jewelers

$63.08

0.08 (0.13%)

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Signet Jewelers put volume heavy and directionally bearish »

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  • 28

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