McKesson price target raised to $857 from $810 at Morgan Stanley

Morgan Stanley analyst Erin Wright raised the firm’s price target on McKesson (MCK) to $857 from $810 and keeps an Overweight rating on the shares after the company met and surpassed the high bar set into investor day by increasing FY26 EPS guidance by 80c at the midpoint. Updated long-term guidance “also delivered,” says the analyst, who contends that McKesson’s transparency “should be well appreciated and leaves little to pick at.”