BofA remains bullish on McKesson (MCK) following strong third quarter performance

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Bank of America reiterated its Buy rating and increased its price target for McKesson (MCK) to $622 following the company’s strong third-quarter fiscal year 2024 results. The company exceeded expectations with revenue of $79 billion and adjusted EPS of $7.04, driven by growth across all segments. BofA anticipates continued strong performance, largely due to demand for GLP-1 drugs and potential operating expense leverage.

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