Citigroup Maintains Buy on McKesson, Raises Price Target to $575
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Daniel Grosslight maintains a Buy rating on McKesson (NYSE:MCK) and raises the price target from $530 to $575, indicating a positive outlook on the stock.
February 08, 2024 | 4:20 pm
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Citigroup analyst Daniel Grosslight maintains a Buy rating on McKesson and raises the price target from $530 to $575, signaling confidence in the stock's future performance.
The increase in price target by a reputable analyst such as Daniel Grosslight from Citigroup typically signals a strong bullish sentiment on the stock. This adjustment reflects an expectation of higher future performance and profitability for McKesson, likely influencing investor confidence and potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100