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Fly News Breaks for January 12, 2016
MCK
Jan 12, 2016 | 07:59 EDT
As previously reported, Raymond James downgraded McKesson to Market Perform from Outperform. Analyst John Ransom said McKesson's preliminary FY17 guidance was disappointing, and moreover, management quantified the Rite Aid contract $13B at margins below half of the Distribution Solutions average, equating to approximately 70c earnings headwind in FY18.
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