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MCK

McKesson

$144.02

0.62 (0.43%)

11:02
12/12/19
12/12
11:02
12/12/19
11:02

McKesson selected to continue as prime pharmaceutical supplier for VA

McKesson Corporation announced that it has been selected by the Department of Veterans Affairs, or VA, which runs the nation's largest integrated healthcare system, to continue as the prime pharmaceutical supplier for the agency. Under the new agreement, which takes effect in August 2020, McKesson will supply all of the VA's medical centers and outpatient clinics, as well as the VA's Consolidated Mail Outpatient Pharmacies. The initial two-year contract includes options for up to three, two-year extensions.

MCK McKesson
$144.02

0.62 (0.43%)

10/16/19
LEHM
10/16/19
NO CHANGE
Target $156
LEHM
Equal Weight
Barclays ups McKesson target on probability of favorable settlement
If the $18B drug distributor opioid settlement, as reported last night by the Wall Street Journal, covers nearly all outstanding cases, and does not include any accelerated upfront payments for the industry, then it would likely be viewed net positive by investors and could lead to multiple expansion from current share levels, Barclays analyst Steve Valiquette tells investors in a research note. The analyst believes the possibility of a settlement is greater over the next week ahead of the start of the Ohio multi-district litigation. To reflect a higher probability of a favorable settlement, Valiquette raised his price target for McKesson (MCK) to $156 from $144 while keeping an Equal Weight rating on the shares.
10/16/19
JEFF
10/16/19
NO CHANGE
JEFF
Drug distributor settlement would make stocks 'ownable again,' says Jefferies
Reports that the drug distributors, AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK) have proposed an $18B settlement payable over 18 years to broadly settle outstanding lawsuits resulting from the companies' distribution of opioids should eliminate a longstanding overhang on the group, if finalized, Jefferies analyst Brian Tanquilut tells investors in a research note. With investors generally expecting a settlement of $15B-$25B, payable over a five-to-ten year time frame, the reported settlement proposal should be viewed as a positive, says the analyst. Tanquilut says the $18B payable over 18 years would be better than investors' current expectations. As sector fundamentals are improving, "elimination of long-standing overhang should make the group ownable again," he contends. The analyst prefers Buy-rated McKesson over Hold-rated AmerisourceBergen and Cardinal Health.
10/16/19
JEFF
10/16/19
NO CHANGE
JEFF
Drug distributor settlement would make stocks 'ownable again,' says Jefferies
Reports that the drug distributors, AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK) have proposed an $18B settlement payable over 18 years to broadly settle outstanding lawsuits resulting from the companies' distribution of opioids should eliminate a longstanding overhang on the group, if finalized, Jefferies analyst Brian Tanquilut tells investors in a research note. With investors generally expecting a settlement of $15B-$25B, payable over a five-to-ten year time frame, the reported settlement proposal should be viewed as a positive, says the analyst. Tanquilut says the $18B payable over 18 years would be better than investors' current expectations. As sector fundamentals are improving, "elimination of long-standing overhang should make the group ownable again," he contends. The analyst prefers Buy-rated McKesson over Hold-rated AmerisourceBergen and Cardinal Health.
10/31/19
JPMS
10/31/19
NO CHANGE
Target $169
JPMS
Overweight
McKesson selloff yesterday a buying opportunity, says JPMorgan
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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WAFD

Washington Federal

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FBNC

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CCNE

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TER

Teradyne

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TER

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TER

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TER

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