J.P. Morgan Provides Color On Technology Solutions At McKesson

According to a recent report by J.P. Morgan, during a McKesson conference call (NYSE: MCK), CEO, John Hammergren reported the company has no plans to sell or spin their business and further discussed recent trends and management outlook. The conference call lead J.P. Morgan to reiterate a $84.17 price target and Overweight rating.

In the report, J.P. Morgan said, "After a disappointing F4Q11 relative to investor and management expectations within Technology Solutions, management reiterated on our conference call that the weakness was associated with the implementation of the Horizon product within mid- to large-size hospitals."

McKesson closed yesterday at $83.51.