Analysts’ Top Services Picks: MCK, KR

By Jason Carr

Analysts fell to the sidelines weighing in on McKesson (NYSE: MCK) and Kroger Company (NYSE: KR) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

McKesson (NYSE: MCK)

Credit Suisse analyst Robert Willoughby upgraded McKesson (NYSE: MCK) to Hold yesterday and set a price target of $145. The company’s shares closed yesterday at $153.01.

According to TipRanks.com, Willoughby is a 4-star analyst with an average return of 6.8% and a 56.1% success rate. Willoughby covers the Services sector, focusing on stocks such as Service Corp International, Walgreens Boots Alliance, and Healthcare Services.

Currently, the analyst consensus on McKesson is Hold and the average price target is $153, representing a 0.0% downside.

In a report issued on May 17, Jefferies also initiated coverage with a Hold rating on the stock with a $153 price target.
Kroger Company (NYSE: KR)

Credit Suisse analyst Edward Kelly maintained a Hold rating on Kroger Company (NYSE: KR) yesterday and set a price target of $30. The company’s shares closed yesterday at $29.23, close to its 52-week low of $28.29.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.4% and a 70.1% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Walgreens Boots Alliance, and Performance Food Group.

Currently, the analyst consensus on Kroger Company is Moderate Buy and the average price target is $33.38, representing a 14.2% upside.

In a report issued on May 18, Jefferies also reiterated a Hold rating on the stock with a $30 price target.

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