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MCK

McKesson

$117.20

1.16 (1.00%)

16:32
04/15/19
04/15
16:32
04/15/19
16:32

McKesson names Kirk Kaminsky as head of U.S. Pharma / Specialty Solutions

McKesson announced that Kirk Kaminsky will be the new president of McKesson's U.S. Pharmaceutical and Specialty Solutions business. Kaminsky will assume the role effective immediately, reporting to CEO Brian Tyler.

  • 08

    May

MCK McKesson
$117.20

1.16 (1.00%)

01/17/19
UBSW
01/17/19
INITIATION
Target $134
UBSW
Neutral
McKesson initiated with a Neutral at UBS
UBS analyst Kevin Caliendo started McKesson with a Neutral rating and $134 price target.
03/04/19
BARD
03/04/19
NO CHANGE
BARD
Baird investigation finds Ohio, like many buyers, paying too much for drugs
In a research note titled "Major Confusion: Does This Pass Your Sniff Test?," Baird analyst Eric Coldwell details the interplay between Cardinal Health's (CAH) generic marketing company Major Pharmaceuticals and CVS Health (CVS) in Ohio. In Major's catalog is Omeprazole, a generic version of Prilosec, which is available without a subscription. CVS Caremark, which had majority share of pharmacy benefit management services in Ohio, didn't use Maximum Allowable Cost for the product, which led to the state of Ohio paying $6.74 per tablet, or 19 times the amount somebody without a subscription can buy it, Coldwell tells investors in a research note, citing his own investigation. Meanwhile, over the course of five quarters in Ohio, Major's volume market share went from less than 2% to nearly 60% while dollar market share went from 12% to 95%, adds the analyst. He asks, "How does this happen?" The state of Ohio, "like so many other buyers, feels like it is paying too much for drugs," concludes Coldwell.
04/02/19
WOLF
04/02/19
INITIATION
Target $127
WOLF
Outperform
McKesson initiated with an Outperform at Wolfe Research
Wolfe Research initiated McKesson with an Outperform and $127 price target citing compelling cash flow yields.
04/03/19
MSCO
04/03/19
NO CHANGE
MSCO
Morgan Stanley says Walgreens' reimbursement pressure points to distributor risk
Morgan Stanley analyst Ricky Goldwasser said the guidance cut made by Walgreens Boots Alliance (WBA) is due to the same "perfect storm of industry headwinds" addressed by CVS Health (CVS) earlier in the year, including increased reimbursement pressure, lower generic deflation, lower brand inflation and declining comparable sales in the front-end of the store. Though Walgreens management suggested reimbursement headwinds should normalize in fiscal 2020, Goldwasser said he could see more downside from continued reimbursement headwinds and structural changes if new rebate rule comes into play. He also views pharmacy reimbursement pressure as a leading indicator suggesting risk to distributors' sell side margins and earnings, including for AmerisourceBergen (ABC), which Goldwasser notes is part of the WBAD purchasing consortium. Other drug distributors include McKesson (MCK) and Cardinal Health (CAH).

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AAPL

Apple

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FB

Facebook

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FB

Facebook

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AMZN

Amazon.com

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FIBK

First Interstate

$41.94

-0.63 (-1.48%)

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F

Ford

$9.41

-0.17 (-1.77%)

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PUB

People's Utah Bancorp

$28.02

0.09 (0.32%)

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AEGN

Aegion

$19.44

-0.58 (-2.90%)

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AMZN

Amazon.com

$1,902.53

1.81 (0.10%)

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F

Ford

$9.41

-0.17 (-1.77%)

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CIR

Circor

$34.53

-2 (-5.48%)

17:48
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F

Ford

$9.41

-0.17 (-1.77%)

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CIR

Circor

$34.53

-2 (-5.48%)

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F

Ford

$9.41

-0.17 (-1.77%)

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ARGO

Argo Group

$74.21

-0.245 (-0.33%)

17:43
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Upgrade
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ILMN

Illumina

$318.91

4.47 (1.42%)

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HTH

Hilltop Holdings

$19.90

-0.19 (-0.95%)

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F

Ford

$9.41

-0.17 (-1.77%)

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ILMN

Illumina

$318.91

4.47 (1.42%)

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GIB

CGI Group

$71.16

0.36 (0.51%)

17:30
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Downgrade
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