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Analyst: Sourcing Agreement with Wal-Mart Gives McKesson a ‘Meaningful Win’

McKesson's (MCK) sourcing agreement with Wal-Mart Stores (WMT) , announced Monday, "provides McKesson with a meaningful win," according to analysts at Raymond James.

With the deal, McKesson continues to "offset contract losses and generic deflation with new deals and M&A," wrote Raymond James analyst John Ransom in a Monday note.

McKesson and Wal-Mart announced a sourcing agreement for generic pharmaceuticals and an expanded long-term distribution agreement. The companies will collaborate on sourcing generic pharmaceuticals for their respective U.S. operations.

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The two companies have worked...


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