Jefferies Still Thinks McKesson is Cheap After Mixed Earnings

Jefferies analysts Richard Close, Dana Hambly, and Sean Dodge reiterated a Buy rating for McKesson MCK after mixed earnings numbers. The analysts said, "MCK maneuvered through a challenging quarter and maintained annual guidance despite weak utilization and some Canadian regulatory headwinds. Generics growth offset drag from med-surg and technology solutions." Jefferies gives McKesson a Buy rating, and a price target of $81. Shares of MCK are currently trading at $62.82.