Movement Alert|McKesson Rises 3.01% in Regular Trading, Multiple Banks Raise Price Targets Following Earnings Beat

Market Focus
08/22

On August 22, McKesson rose 3.01% in regular trading, trading at approximately $864.14/share, with turnover of $610 million.

The rally was driven by a wave of investment bank price target upgrades following strong fiscal Q1 results. Barclays raised its target to $1,000 from $925 while maintaining an Overweight rating, BofA Securities lifted its target to $1,050, and Wells Fargo adjusted to $933. McKesson reported fiscal Q1 adjusted EPS of $9.93, beating the consensus estimate of $9.54 by 4.09% and representing a 20.22% year-over-year increase. Revenue of $105.38 billion also exceeded the $103.88 billion estimate. The company raised its fiscal 2027 adjusted EPS guidance to $44.20-$45.00, above the prior range of $43.80-$44.60.

Additionally, RBC Capital Markets noted that McKesson's specialty drug exposure and integrated business model should help offset regulatory pricing pressure, projecting specialty drugs to exceed 55% of total drug spending by 2028, with biosimilar introductions potentially adding $250 million in operating income.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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