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Fly News Breaks for March 11, 2016
RAD, MCK
Mar 11, 2016 | 08:46 EDT
RBC Capital analyst David Francis said McKesson's agreement to acquire Rexall Health marks a meaningful shift in the company's approach to M&A as he reads it as a sign that McKesson is more willing to directly compete with its "key constituency" of retail pharmacies. Francis reiterates an Outperform rating and $190 price target on McKesson given its long-term strategic position, but cautions that the market may be underestimating the magnitude of earnings contribution from Rite Aid (RAD), which could put consensus earnings expectations at risk in the near-term.
News For MCK;RAD From the Last 2 Days
RAD
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here