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Fly News Breaks for April 25, 2017
ANTM, ESRX
Apr 25, 2017 | 07:48 EDT
Cowen analyst Charles Ryhee said he was not surprised by the outcome of the Express Scripts (ESRX) contract loss with Anthem (ANTM), but he said it removes an overhang for the stock. The analyst sees Express Scripts as now able to pursue new strategic opportunities and drive its advantages in areas where the market is moving, like value-based care. Ryhee maintained his Outperform rating but he lowered his price target to $83 from $90 on Express Scripts shares.
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