Wells Fargo Maintains Equal-Weight on McKesson, Lowers Price Target to $535
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stephen Baxter has maintained an Equal-Weight rating on McKesson (NYSE:MCK) but has lowered the price target from $576 to $535.
September 13, 2024 | 8:23 pm
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Wells Fargo has maintained an Equal-Weight rating on McKesson but reduced the price target from $576 to $535, indicating a more cautious outlook.
The reduction in the price target by Wells Fargo suggests a less optimistic view on McKesson's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential concerns.
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