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Fly News Breaks for June 30, 2017
ABC
Jun 30, 2017 | 06:57 EDT
BofA/Merrill analyst Steven Valiquette downgraded AmerisourceBergen (ABC) to Neutral and maintained a $95 price target on new generic price data and reduced Rite Aid (RAD) volume expectations. The analyst said AmerisourceBergen is up 20% year-to-date but believes further upside will be difficult as data indicates generic pricing deflation accelerated in May and he expected the company to be a net share gainer from a full merger of Walgreens (WAG) and Rite Aid.
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