Bank of America Merrill Lynch Reports on McKesson

Bank of America Merrill Lynch commented on McKesson MCK in a report released today. In the report, Bank of America Merrill Lynch was positive in its assessment of the company. Bank of America Merrill Lynch writes, "MCK focused on strong, continuing fundamentals for its Distribution Solutions and Provider Technologies businesses, highlighting its diversified business model that affords it the broadest reach into the health care continuum, as well as its steady growth trajectory and continuing profit-margin leverage. Management reaffirmed its 2012 earnings guidance and quarterly progression, and our EPS estimates remain unchanged." Bank of America Merrill Lynch currently has a Buy rating on McKesson and a price objective of $90. Shares of McKesson closed at $82.41 on Friday.