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Stock Market & Financial Investment News

News Breaks
September 10, 2013
10:17 EDTCTRX, ESRXAnalyst 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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December 16, 2014
08:22 EDTESRXExpress Scripts CFO change a 'modest' concern, says Leerink
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07:47 EDTESRXExpress Scripts new CFO experience reassuring, says Oppenheimer
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December 15, 2014
16:40 EDTESRXExpress Scripts backs FY14 EPS view $4.86-$4.90, consensus $4.88
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16:39 EDTESRXExpress Scripts increases share repurchase authorization by 65M shares
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16:37 EDTESRXExpress Scripts CFO Cathy Smith leaving company
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07:40 EDTESRXExpress Scripts price target raised to $96 from $82 at UBS
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December 10, 2014
08:35 EDTCTRXCatamaran management to meet with SunTrust
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December 8, 2014
11:30 EDTESRX, CTRXLeerink generics pharmaceutical analyst holds analyst/industry conference call
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