Two Healthcare Stocks Hit All-Time Highs

By Stocks FOXBusiness

Today’s steep stock market selloff notwithstanding, two players in the health care sector are bucking the downward trend and rallying to all-time highs.

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Medical device maker Covidien (COV) posted better-than-expected earnings and revenue last quarter, boosted by strong sales of surgical staplers. And McKesson (MCK) is getting a lift after the drug distributor proved successful in its second attempt to acquire German rival Celesio. Analysts cheered the move, with Credit Suisse raising its price target on MKC to $200 from $189:

Health Care Record Highs

Ticker

Security

Last

Change

%Chg

COV

Covidien Plc

68.90

1.76

2.62%

MCK

McKesson Corporation

174.83

2.46

1.43%

 

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