Baird Downgrades McKesson to Neutral, Lowers Price Target to $531
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Eric Coldwell has downgraded McKesson (NYSE:MCK) from Outperform to Neutral and reduced the price target from $603 to $531.
September 24, 2024 | 10:39 am
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Baird analyst Eric Coldwell downgraded McKesson from Outperform to Neutral, reducing the price target from $603 to $531, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by a reputable analyst like Eric Coldwell suggests a less favorable view on McKesson's short-term performance. The lowered price target from $603 to $531 indicates reduced expectations for the stock's potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100