McKesson price target raised to $600 from $590 at Evercore ISI

Evercore ISI raised the firm’s price target on McKesson to $600 from $590 and keeps an Outperform rating on the shares. McKesson Q4 EPS miss in the quarter had 9c of environmental remediation business for a previously-sold chemicals business, 10c of worse tax, and 3c of worse int income/other, which “all else equal puts EPS in-line with consensus,” the analyst tells investors. In addition, even when already accounting for the Optum contract win, “more importantly,” the FY25 guidance was well above expectations, the analyst added.