McKesson price target raised to $860 from $820 at UBS

UBS raised the firm’s price target on McKesson (MCK) to $860 from $820 and keeps a Buy rating on the shares. The company’s strong cash flow conversion and ongoing ability to reinvest in new growth markets while divesting slowing or underperforming assets continues to generate improving return on invested capital, the analyst tells investors in a research note. RxTS appears to be the driver of near-term outperformance, which lifts the FY26 outlook, the firm says.