McKesson price target raised to $694 from $679 at Baird

Baird analyst Eric Coldwell raised the firm’s price target on McKesson to $694 from $679 and keeps an Outperform rating on the shares. The firm said they expect a relatively calmer distributor quarter after heightened company-specific and sector noise year-to-date and notes the market continues to apply premium valuation for the company’s longstanding trend of overall upside reports and growth.