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Fly News Breaks for December 5, 2017
CVS, AET, PBH
Dec 5, 2017 | 06:17 EDT
Loop Capital analyst Linda Bolton Weiser says Prestige Brands (PBH) stock price has recovered since the Aetna (AET) - CVS Health (CVS) acquisition announcement. Weiser says the company may benefit on potential improvement in front-end traffic as "CVS drug stores evolve into community health centers". The analyst is also positive on Prestige Brands given its potential for an EPS-accretive acquisition and due to the early severe cold/flu season, keeping her Buy rating and $79 price target on the stock.