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Fly News Breaks for March 15, 2017
ANTM, ESRX
Mar 15, 2017 | 05:59 EDT
Wells Fargo analyst Peter Costa downgraded Express Scripts (ESRX) to Underperform saying the shares do not reflect the 20%-40% earnings risk related to re-pricing of or losing the Anthem (ANTM) contract. The analyst also sees risk of market share losses related to Express' pharmacy benefit manager model. Costa cut his price target range for the shares to $52-$56 from $79-$85.
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