Sep. 24 at 12:44 PM
Citi increased
$MCK's price target to
$860 from
$820 and maintains a Buy rating after investor day. The firm views the company’s better than expected fiscal 2026 guidance raise as a "surprise."
Drug distributor McKesson boosted its 2026 profit outlook Tuesday, citing strong momentum and efficient management. This positive news sent McKesson stock up about 6%, and rivals
$COR and
$CAH also saw gains of about 5%.