J.P. Morgan Increases PT And F2012 EST On MCK

In recent reports, J.P. Morgan has increased the price target on McKesson (NYSE: MCK) from $93.00 to $100.00 and F2012 EST from $5.75 to $6.18.

In the report, J.P. Morgan said, "After the close, MCK reported solid 4QF11 results and issued above-consensus initial guidance for F2012. While the higher-than-expected F4Q11 results ($1.66 vs. JPM $1.59 and Bloomberg $1.60) were somewhat clouded by unique items in the quarter we believe investors should focus on the implied +11% to +14% projected EPS growth for F2012."

MCK closed yesterday at $83.13.