McKesson Co. (MCK) has been making headlines recently with various developments that could potentially impact its stock price. As of the latest update, the current price of MCK stands at 439.6, with a weekly forecast of -1.7 and a monthly forecast of -1.4.
Stock AI forecasts
Monthly: 🔴-1.4
Weekly: 🔴-1.7
McKesson recently announced a quarterly dividend on February 1st, which is a positive sign for investors. Additionally, several financial institutions have been adjusting their positions in MCK, with some increasing their stakes and others reducing them. This shuffle in ownership could potentially affect the stock price in the short term.
Analysts have given MCK a consensus recommendation of “Moderate Buy,” indicating that there is optimism surrounding the stock. However, there have also been fluctuations in target prices, with UBS Group raising their target price from $575.00 to $620.00, while Leerink Partnrs reiterated their outperform rating on MCK.
Overall, the recent news surrounding McKesson suggests a mixed outlook for the stock. While the dividend announcement and positive analyst recommendations are encouraging, the adjustments in institutional holdings and target price changes could introduce some volatility in the stock price.
It will be important for investors to keep an eye on upcoming developments and earnings reports from McKesson to gauge the company’s performance and potential impact on the stock price. As always, it is advisable to conduct thorough research and consult with a financial advisor before making any investment decisions related to MCK.
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