Barclays Maintains Overweight Rating on McKesson (MCK)
Key takeaways
- Barclays Maintains Overweight Rating on Mc Kesson (MCK) Jeff Lewis Sun, June 14, 2026 at 12:13 AM GMT+7 2 min read MCK Mc Kesson Corporation (NYSE:MCK) is one of the
- Apollo Funds invested $1.25B in convertible preferred equity of MMS to acquire an approximately 13% interest in the business.
- McKesson Corporation (NYSE:MCK) provides healthcare services in the United States and internationally.
Barclays Maintains Overweight Rating on Mc Kesson (MCK) Jeff Lewis Sun, June 14, 2026 at 12:13 AM GMT+7 2 min read MCK Mc Kesson Corporation (NYSE:MCK) is one of the
On June 10, 2026, Barclays lowered the firm’s price target on Mc Kesson Corporation (NYSE:MCK) to $925 from $1,050 and maintained an Overweight rating on the shares. Barclays updated estimates and targets in the drug distributor space following recent results. The firm said its new estimates are “incrementally conservative” due to limited visibility around the Inflation Reduction Act, biosimilars, and GLP-1s, though it continues to believe in McKesson’s long-term model.
On June 1, 2026, McKesson Corporation (NYSE:MCK) announced the completion of the previously announced minority ownership investment from funds managed by affiliates of Apollo (APO) in McKesson’s Medical-Surgical Solutions business. Apollo Funds invested $1.25B in convertible preferred equity of MMS to acquire an approximately 13% interest in the business. The transaction values MMS at approximately $13B in total enterprise value, while McKesson retains operating control and majority ownership.