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WBA

Walgreens Boots Alliance

$77.52

0.23 (0.30%)

, RAD

Rite Aid

$2.26

0.005 (0.22%)

14:25
07/13/17
07/13
14:25
07/13/17
14:25

Leerink healthcare analysts hold an analyst/industry conference call

Analysts discuss whether the new Walgreens Boots Alliance/Rite Aid deal more likely to go through on an Analyst/Industry conference call to be held on July 13 at 3 pm.

WBA

Walgreens Boots Alliance

$77.52

0.23 (0.30%)

RAD

Rite Aid

$2.26

0.005 (0.22%)

  • 13

    Jul

WBA Walgreens Boots Alliance
$77.52

0.23 (0.30%)

07/07/17
LEER
07/07/17
NO CHANGE
Target $86
LEER
Outperform
Leerink 'more cautious' on Walgreens, not sure Rite Aid deal gets approved
Leerink analyst David Larsen is "incrementally more cautious" on shares of Walgreens Boots Alliance (WBA) after analyzing the new Rite Aid (RAD) deal. He lowered his price target for the shares to $86 from $90 but keeps an Outperform rating on the name. Walgreens reported low earnings quality this quarter and has been "plagued by constant reimbursement pressure and competitive forces" in the Retail Division, Larsen tells investors in a research note. He adds that while the new Rite Aid deal is structured in a "favorable manner," he's not convinced the FTC will allow the transaction to go through. Larsen believes, however, that sentiment is already fairly negative on the stock.
06/30/17
06/30/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying Cabot 's gross Marcellus takeaway capacity will increase to 3.7 bcf/d from 2bcf/d by end of 2018 and positioned to increase free cash flow to $2B from $872M per year for 25 years. 2. Becton Dickinson (BDX) upgraded to Strong Buy from Outperform at Raymond James with analyst Lawrence Keusch saying he believes it should be a core holding based an an above average outlook for 5%-6% organic growth and mid-teens earnings increases with further potential upside. 3. Walgreens Boots Alliance (WBA) upgraded to Buy from Hold at Needham. 4. ManTech (MANT) upgraded to Buy from Hold at Loop Capital with analyst Joseph Vafi saying he sees "company-specific and secular catalysts" driving improving fundamentals and upward revisions to consensus estimates. 5. D.R. Horton (DHI) upgraded to Outperform from Market Perform at Raymond James with the firm saying it is uniquely positioned to capitalize on an unexpectedly tight and historically low existing home inventories, while new home demand remains broadly resilient despite rising prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/30/17
COWN
06/30/17
NO CHANGE
Target $5
COWN
Outperform
Rite Aid better positioned following new agreement, says Cowen
Cowen analyst Charles Ryhee said he is positive on the new Rite Aid (RAD) agreement with Walgreens (WBA) as it better positions the company than had it remained stand-alone with no deal at all. Benefits include deleveraging, lower generic procurement costs, increased financial flexibility and "great" leverage toward PBM, which is growing faster than retail. Ryhee reiterated his Outperform rating and $4.70 price target on Rite Aid shares.
06/30/17
NEED
06/30/17
UPGRADE
NEED
Buy
Walgreens Boots Alliance upgraded to Buy from Hold at Needham
RAD Rite Aid
$2.26

0.005 (0.22%)

06/30/17
06/30/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rite Aid (RAD) reinstated with an Underperform at Evercore ISI. 2. Hill-Rom (HRC) initiated with a Buy at Needham and Neutral at Cantor. 3. Dermira (DERM) initiated with an Outperform at Evercore ISI. 4. Coach (COH) initiated with a Buy at Canaccord. 5. WWE (WWE) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/30/17
EVER
06/30/17
INITIATION
EVER
Underperform
Rite Aid reinstated with an Underperform at Evercore ISI
Evercore ISI analyst Ross Muken reinstated Rite Aid with an Underperform rating, versus In-Line previously, to reflect threats from online competition, structural challenges at the back-end of pharmacy given network positioning, and limited strategic options. The analyst sees downside near-term to $2.00-$2.50 per share.

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ULTA

Ulta Beauty

$200.90

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VZ

Verizon

$50.08

1.431 (2.94%)

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MRK

Merck

$63.76

0.25 (0.39%)

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Teva

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ADP

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0.21 (0.18%)

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EVHC

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NNI

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MMP

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MDB

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HMNY

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