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Fly News Breaks for July 20, 2016
CVS
Jul 20, 2016 | 07:24 EDT
Jefferies analyst Mark Wiltamuth views the recent 8% pullback in shares of CVS Health on recent PBM contract losses as overdone. The PBM losses represent only 4c of earnings on a $6.56 base, the analyst tells investors in a research note. He views CVS as best positioned to benefit from rising Specialty Rx trends. Wiltamuth keeps a Buy rating on the shares with a $122 price target.
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