McKesson price target lowered to $900 from $1,000 at BofA

BofA analyst Allen Lutz lowered the firm’s price target on McKesson (MCK) to $900 from $1,000 and keeps a Buy rating on the shares. McKesson reported “a mixed quarter,” but its FY27 guidance and long-range plan reiteration were “clear positives,” the analyst tells investors. The firm’s lower target reflects peer multiple contraction, the analyst noted.