McKesson shares are trading lower after Baird downgraded the stock from Outperform to Neutral and lowered its price target from $603 to $531.
Portfolio Pulse from Benzinga Newsdesk
McKesson's stock is trading lower following a downgrade by Baird from Outperform to Neutral, with a reduced price target from $603 to $531.
September 24, 2024 | 1:52 pm
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McKesson's stock is experiencing a decline due to Baird's downgrade from Outperform to Neutral, along with a lowered price target from $603 to $531.
The downgrade by Baird from Outperform to Neutral suggests a less optimistic outlook on McKesson's performance, which is likely to negatively impact investor sentiment and the stock price in the short term. The reduction in the price target further supports this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100