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WBA

Walgreens Boots Alliance

$68.46

(0.00%)

, ABC

AmerisourceBergen

$89.45

0.26 (0.29%)

08:28
02/13/18
02/13
08:28
02/13/18
08:28

Walgreens may seek to acquire AmerisourceBergen sooner than expected, says Leerink

Leerink analyst David Larsen notes that The Wall Street Journal reported that Walgreens (WBA) has approached AmerisourceBergen (ABC) about a potential takeover. The analyst is surprised that talks of such a large transaction have surfaced so quickly following the Rite Aid (RAD) deal, but says he has always believed that Walgreens at some point would seek to acquire either Express Scripts (ESRX) or AmerisourceBergen. Given the broad-based speculation in the business press about this deal, it is possible shares of Express Scripts will trade off, Larsen contends.

WBA

Walgreens Boots Alliance

$68.46

(0.00%)

ABC

AmerisourceBergen

$89.45

0.26 (0.29%)

RAD

Rite Aid

$2.00

-0.01 (-0.50%)

ESRX

Express Scripts

$72.89

1.18 (1.65%)

  • 16

    Feb

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    Feb

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    Feb

WBA Walgreens Boots Alliance
$68.46

(0.00%)

02/13/18
JEFF
02/13/18
NO CHANGE
Target $93
JEFF
Buy
Walgreens deal for AmerisourceBergen would be 'headscratcher,' says Jefferies
Jefferies analyst Brian Tanquilut says that while Walgreens Boots Alliance (WBA) acquiring AmerisourceBergen (ABC) would be accretive to earnings, it would be a "headscratcher" for investors. The companies already have a joint venture that affords both the strategic value that combining would provide, Tanquilut tells investors in a research note after the Wall Street Journal reported that Walgreens approached AmerisourceBergen a few weeks ago. The analyst has a Buy rating on Walgreens with a $93 price target. He adds that the potential deal would allow Walgreens to further expand its U.S. business.
02/13/18
WELS
02/13/18
NO CHANGE
WELS
AmerisourceBergen acquisition by Walgreens makes sense, says Wells Fargo
Commenting on The Wall Street Journal report saying Walgreens (WBA) has approached AmerisourceBergen (ABC) in a takeover attempt and the companies remain early in their discussions, Wells Fargo analyst Peter Costa tells investors he believes the acquisition makes sense given the already existing long-term partnership and limited ability to merge laterally. Further, the analyst believes a potential combination could help lower costs and wring out synergies in the U.S. drug distribution channel, and better position Walgreens in the face of increasing competitive threat from a possible Amazon (AMZN) entry. However, a merger might risk alienating AmerisourceBergen's retail pharmacy customers that compete with Walgreens' pharmacies, he contends.
01/24/18
LEER
01/24/18
NO CHANGE
LEER
Amazon's prescription drug market entry likely to be slow, says Leerink
Leerink analyst David Larsen believes there is a high likelihood that Amazon (AMZN) will enter the prescription drug market, but thinks it may take years for the company to become a meaningful and relevant entity in the channel. The analyst expects Amazon will start off small, and does not believe it will seek to do a big acquisition initially. Ultimately, Amazon may simply become another mail-order pharmacy that buys its product from AmerisourceBergen (ABC), he contends, adding that the massive Amazon related sell-off in CVS (CVS) and Walgreens Boots Alliance (WBA) in late 2017 view was over-done.
01/09/18
FBCO
01/09/18
NO CHANGE
Target $97
FBCO
Outperform
Walgreens Boots Alliance removed from U.S. Focus List at Credit Suisse
Credit Suisse's Investment Policy Committee has removed Walgreens Boots Alliance from its U.S. Focus List, as the stock is no longer considered one of its top investment ideas. The firm has an Outperform rating and $97 price target on the shares.
ABC AmerisourceBergen
$89.45

0.26 (0.29%)

02/07/18
FBCO
02/07/18
NO CHANGE
Target $112
FBCO
Outperform
AmerisourceBergen price target raised to $112 from $105 at Credit Suisse
Credit Suisse analyst Erin Wilson Wright raised her price target for AmerisourceBergen to $112 from $105 on valuation after quarterly results. The analyst reiterates an Outperform rating on the shares.
02/12/18
COWN
02/12/18
NO CHANGE
COWN
Recent pullback in drug distributors a buying opportunity, says Cowen
Cowen analyst Charles Ryhee said the recent pullback in drug distributors is unwarranted given the space's improving underlying fundamentals. He said the core distribution business is seeing stable generic pricing for both buy-side and sell-side and he believes concerns regarding likely proposed Medicare Part B changes are overblown. Ryhee reiterated his Outperform rating on both McKesson (MCK) and AmerisourceBergen (ABC) shares.
RAD Rite Aid
$2.00

-0.01 (-0.50%)

12/04/17
DBAB
12/04/17
INITIATION
Target $2.25
DBAB
Hold
Rite Aid initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Glen Santangelo started Rite Aid with a Hold rating and $2.25 price target. The analyst does not see industry challenges of declining volume and lower reimbursement as abating "anytime soon."
01/04/18
EVER
01/04/18
INITIATION
Target $1.5
EVER
Underperform
Rite Aid initiated with an Underperform at Evercore ISI
Evercore ISI started Rite Aid with an Underperform rating and $1.50 price target.
01/04/18
COWN
01/04/18
NO CHANGE
Target $3
COWN
Outperform
Rite Aid Q3 results better than expected, says Cowen
Cowen analyst Charles Rhyee said Rite Aid's Q3 results were better than expected and he believes its Envison Rx will stabilize in 2019. He also noted management commentary was positive and suggested upside potential due to early relief in generic pricing beginning in 2019. Ryhee reiterated his Outperform rating and raised his price target to $2.50 from $2.15 on Rite Aid shares.
01/02/18
LEER
01/02/18
NO CHANGE
Target $105
LEER
Outperform
AmerisourceBergen price target raised to $105 from $90 at Leerink
Leerink analyst David Larsen raised his price target for AmerisourceBergen (ABC) to $105 from $90, citing the H.D. Smith transaction and a more positive outlook for 2018 and 2019. The analyst notes that the company has completed its major renewals, generic deflation is stabilizing, and it will benefit from Prime, Rite Aid (RAD) and Walgreens Boots Alliance (WBA) volumes in 2018. He reiterates an Outperform rating on the shares.
ESRX Express Scripts
$72.89

1.18 (1.65%)

01/31/18
RBCM
01/31/18
UPGRADE
RBCM
Outperform
Express Scripts upgraded to Outperform from Sector Perform at RBC Capital
01/31/18
BERN
01/31/18
DOWNGRADE
BERN
Underperform
Express Scripts downgraded to Underperform from Market Perform at Bernstein
02/01/18
02/01/18
DOWNGRADE
Target $69

Underperform
Express Scripts downgraded to Underperform at Bernstein
As previously reported, Bernstein analyst Lance Wilkes downgraded Express Scripts to Underperform from Market Perform, with a $69 price target, as he believes tax reform is fully price in and his original concerns on the standalone PBM model remain. Further, the analyst sees additional risks from a potential CVS (CVS)/Aetna (AET) merger and Amazon (AMZN) threats.
01/31/18
RBCM
01/31/18
UPGRADE
Target $98
RBCM
Outperform
Express Scripts upgraded to Outperform at RBC Capital
As reported earlier, RBC Capital analyst George Hill upgraded Express Scripts (ESRX) to Outperform and raised his price target to $98 from $68. Hill cites the "recent sharp pullback on Amazon's (AMZN) healthcare entry" de-risking the stock, while also pointing to the trend of vertical integration as seen in the CVS (CVS)-Aetna (AET) deal. The analyst believes Express Scripts could also become an attractive M&A target as "one of the few remaining assets at scale".

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ENIA

Enel Americas

$9.25

-0.08 (-0.86%)

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UL

Unilever; also tag UN

$54.26

0.64 (1.19%)

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$54.74

0.7 (1.30%)

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TWX

Time Warner

$98.91

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$33.85

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CMCSK

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SNE

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FOX

21st Century Fox

$44.57

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FOXA

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LGF.A

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DIS

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VIAB

Viacom

$29.40

0.49 (1.69%)

VIA

Viacom

$33.95

0.15 (0.44%)

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OAS

Oasis Petroleum

$12.01

-0.63 (-4.98%)

, OMP

Oasis Midstream Partners

$17.29

-1.02 (-5.57%)

16:46
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Oasis Petroleum

$12.01

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OMP

Oasis Midstream Partners

$17.29

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SRCE

1st Source

$55.36

0.13 (0.24%)

LGCY

Legacy Reserves

$6.07

-0.03 (-0.49%)

EVA

Enviva

$29.35

0.15 (0.51%)

CRC

California Resources

$35.03

-2.57 (-6.84%)

INSM

Insmed

$26.74

-1.5 (-5.31%)

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GM

General Motors

$43.91

0.32 (0.73%)

, FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

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GM

General Motors

$43.91

0.32 (0.73%)

FCAU

Fiat Chrysler

$20.86

-0.37 (-1.74%)

F

Ford

$11.88

-0.01 (-0.08%)

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MSFT

Microsoft

$100.24

-1.14 (-1.12%)

, GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

16:34
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Microsoft is fixing office, WSJ reports »

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MSFT

Microsoft

$100.24

-1.14 (-1.12%)

GOOGL

Alphabet Class A

$1,159.03

-1.08 (-0.09%)

GOOG

Alphabet

$1,151.95

-0.05 (-0.00%)

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Conference/Events
Deutsche Bank to hold a conference »

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WFC

Wells Fargo

$54.99

0.23 (0.42%)

, MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

16:33
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16:33
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Conference/Events
Federal Reserve Bank of New York to hold a conference »

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WFC

Wells Fargo

$54.99

0.23 (0.42%)

MS

Morgan Stanley

$51.17

-0.12 (-0.23%)

BAC

Bank of America

$29.27

-0.24 (-0.81%)

C

Citi

$66.34

0.18 (0.27%)

WBK

Westpac Banking

$20.67

0.125 (0.61%)

GS

Goldman Sachs

$232.00

-1.695 (-0.73%)

BCS

Barclays

$10.59

-0.225 (-2.08%)

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F

Ford

$11.88

-0.01 (-0.08%)

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BMY

Bristol-Myers

$54.81

1.165 (2.17%)

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PTCT

PTC Therapeutics

$37.57

-0.75 (-1.96%)

, RHHBY

Roche

$0.00

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RHHBY

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CYTK

Cytokinetics

$9.95

0.5 (5.29%)

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PERY

Perry Ellis

$27.92

0.31 (1.12%)

16:12
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VSTM

Verastem

$6.53

0.95 (17.03%)

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IQ

iQIYI

$40.16

-0.44 (-1.08%)

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HD

Home Depot

$200.55

0.86 (0.43%)

15:56
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PAY

Verifone

$22.84

0.01 (0.04%)

15:28
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CACI

CACI

$167.60

1.1 (0.66%)

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CACI to hold a webcast »

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ARGX

Argenx

$92.38

-3.32 (-3.47%)

14:11
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PTC

PTC

$94.87

-0.46 (-0.48%)

14:06
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13:41
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VRX

Valeant

$26.86

0.06 (0.22%)

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WMGI

Wright Medical

$25.83

-0.26 (-1.00%)

13:27
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Conference/Events
Wright Medical management to meet with Leerink »

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