McKesson (MCK) Stock: $270 Price Target From Argus

By Amit Chowdhry ● Nov 25, 2021
  • The shares of McKesson Corporation (NYSE: MCK) have received a $270 price target from Argus. These are the details.

The shares of McKesson Corporation (NYSE: MCK) have received a $270 price target from Argus. And Argus analyst David Toung raised the price target from $230 while maintaining a “Buy” rating on the company shares following the second-quarter earnings.

Toung noted that the company beat expectations for the quarter and raised its FY22 guidance. And Toung is anticipating stronger top-line growth in their core pharmaceutical distribution business in FY22.

This was helped by more normal levels of primary care visits and related diagnostics — which should drive higher prescription drug volume. Plus Toung added that based on the updated guidance, he is also raising his FY22 EPS view to $22.50 from $20.25.

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