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Fly News Breaks for June 26, 2017
WMT, DGX
Jun 26, 2017 | 15:12 EDT
Raymond James analyst Nicholas Jansen reiterated an Outperform rating on Quest Diagnostics (DGX) following news Monday of a partnership with Wal-Mart (WMT). The lack of financial details in the announcement was "expected," Jansen said, adding that he finds the news an "incremental positive" given Quest's focus on expanding its patient access efforts. The analyst also noted that Quest's similar model with Safeway "has been identified as highly successful."