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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:27 EDTCI, CTRXCatamaran weakness a buying opportunity, says Cowen
Cowen said weakness in Catamaran (CTRX) related to Cigna's (CI) decision to keep its PBM or not has not bearing on the company. The firm expects Cigna to keep the PBM but to contract out the back-end fulfillment services, which Catamaran is likely to get the rest of, while Cigna keeps the more profitable portion of the business in-house. Shares are Outperform rated.
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