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Stock Market & Financial Investment News

News Breaks
September 10, 2013
10:17 EDTESRX, CTRXAnalyst says Express Scripts won't be hurt by private exchanges
Express Scripts (ESRX), which provides pharmacy benefit management services, is unlikely to be significantly hurt by private health insurance exchanges, research firm Jefferies believes. Investor worries about the impact of such exchanges on the company is overdone, the firm added. WHAT'S NEW: Following reports yesterday that several major companies are looking to place their retired workers into a private health insurance exchange, Jefferies analyst Brian Tanquilut wrote that such exchanges have been around for several years and have not significantly affected Express Scripts or its competitors. Moreover, many investors do not realize that Express Scripts' profit margins from the exchanges are not much lower than its margins from the large companies, Tanquilut contended. Finally, as a result of the shift of beneficiaries onto private exchanges, Express Scripts will have the opportunity to win new customers currently covered by its competitors, the analyst believes. He expects the stock to start advancing in the fourth quarter of this year and kept a Buy rating on the shares. WHAT'S NOTABLE: Express Scripts' stock fell slightly in an up market yesterday, as did shares of its competitor Catamaran (CTRX). TODAY'S PRICE ACTION: In early trading today, Express Scripts added 0.5% to $65 and Catamaran rose 0.45% to $45.60
News For ESRX;CTRX From The Last 14 Days
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June 29, 2015
11:21 EDTESRXMorgan Stanley reports 5% passive stake in Express Scripts
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10:23 EDTCTRXOptions with decreasing implied volatility
Options with decreasing implied volatility: THC CYH HCA BBBY BBRY BKS NKE OVTI ACN CTRX
June 25, 2015
10:02 EDTCTRXCatamaran and Health New England announces partnership reduced readmissions
Catamaran and Health New England announced one-year results from Catamaran's Hospital Transition Program, which dramatically reduced HNE's hospital readmission rates and increased medication adherence. HNE and Catamaran collaborated on a program that enhanced data sharing and communication between the health plan, hospital and PBM, and enabled a more diligent and comprehensive level of education, monitoring and intervention where appropriate with patients once released to the ambulatory setting. One year after implementing the program, 30-day same-cause readmissions in the intervention group were more than 70 percent below that of an equally-matched control group, while all-cause readmissions decreased by more than 50 percent. Additionally, 44 percent of the program's intervention calls to patients falling out of appropriate adherence (more than two days late refilling a prescription) resulted in a member medication refill within seven days.
05:48 EDTESRXStocks with implied volatility movement; SDS ESRX
Stocks with implied volatility movement; UltraShort S&P500 ProShares (SDS) 28, Express Scripts (ESRX) 27 according to iVolatility.
June 24, 2015
14:13 EDTESRXExpress Scripts July weekly volatility elevated as shares near record high
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10:00 EDTCTRXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Neutral at Goldman... Catamaran (CTRX) downgraded to Neutral from Buy at UBS... Citi (C) downgraded to Hold from Buy at Deutsche Bank... Esperion (ESPR) downgraded to Neutral from Outperform at Credit Suisse... Fortinet (FTNT) downgraded to Neutral from Buy at Citi... General Motors (GM) downgraded to Neutral from Buy at Goldman... Goldman Sachs (GS) downgraded to Hold from Buy at Deutsche Bank... IBERIABANK (IBKC) downgraded to Neutral from Outperform at Baird... Independent Bank (INDB) downgraded to Underperform from Neutral at Baird... Inphi (IPHI) downgraded to Market Perform from Outperform at Northland... MoneyGram (MGI) downgraded to Neutral from Outperform at Macquarie... Sensata (ST) downgraded to Hold from Buy at Cross Research... Teradyne (TER) downgraded to Buy from Conviction Buy at Goldman... Alcobra (ADHD) downgraded to Hold from Speculative Buy at WBB Securities.
05:42 EDTCTRXCatamaran downgraded to Neutral from Buy at UBS
UBS downgraded Catamaran (CTRX) to Neutral saying the stock new fully reflects the UnitedHealth (UNH) takeover deal terms. UnitedHealth management in recent meetings expressed confidence that its pending $61.50 per share purchase of Catamaran will still close in the second half of 2015, UBS tells investors.
June 22, 2015
08:16 EDTESRX, CTRXAnthem, Cigna deal would be negative for Catamaran, says Leerink
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June 19, 2015
11:17 EDTESRXExpress Scripts calls active amid bid speculation
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June 18, 2015
10:01 EDTESRXOn The Fly: Analyst Initiation Summary
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07:38 EDTESRXLeerink to hold a roundtable
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June 17, 2015
16:20 EDTESRXExpress Scripts initiated with a Perform at Oppenheimer
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09:43 EDTESRXExpress Scripts management to meet with Deutsche Bank
Meeting to be held in New York on June 17 hosted by Deutsche Bank.
June 15, 2015
11:55 EDTESRXExpress Scripts management to meet with Jefferies
Meeting to be held in New York on June 17 hosted by Jefferies.

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