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A Walgreens Analyst's Takeaways From Q3 Earnings
Friday, June 28, 2019 - 12:50pm | 336Walgreens Boots Alliance Inc (NASDAQ: WBA) on Thursday reported fiscal third-quarter results, which prompted Wells Fargo to reaffirm a bullish stance. The Analyst Wells Fargo's Peter Costa maintains an Outperform rating on Walgreens with a $65 price target. The Thesis Walgreens reported an...
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The 5 Most Expensive Drugs In US: What You Should Know
Sunday, June 23, 2019 - 4:56pm | 874The upward trajectory of prescription drug prices in the U.S. has drawn the ire of lawmakers. Prices of drugs are staggeringly high in the U.S. when compared to other developed countries such as Japan and in Europe. House lawmakers are discussing a plan that could work to curb high...
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CNBC: Retail Pharmacies More Worried About Amazon Than They Admit
Friday, June 21, 2019 - 10:14am | 470Are traditional retail pharmacies and insurance companies worried about Amazon.com, Inc. (NASDAQ: AMZN)'s push into their respective territories? Public comments from management teams brush off any concerns, but actions taking place behind the scenes may suggest otherwise, according to CNBC....
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Walgreens Lifts Tobacco Age Limit To 21, Cigarette Stocks Mostly Unaffected
Tuesday, April 23, 2019 - 12:10pm | 449Dow Jones component and drugstore chain Walgreens Boots Alliance Inc (NASDAQ: WBA) said Tuesday it will only sell tobacco products to people over the age of 21 beginning Sept. 1. What Happened The legal age for purchasing tobacco products in the U.S. is 18, but Walgreens is setting its...
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Analysts React To The Walgreens Q2 Earnings Miss
Wednesday, April 3, 2019 - 12:32pm | 820Walgreens Boots Alliance Inc (NASDAQ: WBA) on Tuesday reported fiscal second-quarter results that fell short of expectations in what management described as the "most difficult" quarter since late 2014. Here is a summary of how some of the Street's top analysts reacted to the print....
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Analysts React To Diplomat Pharmacy's Q4 Earnings, Concerning Guidance
Monday, March 18, 2019 - 3:18pm | 530Diplomat Pharmacy Inc (NYSE: DPLO) on Friday reported its previously delayed fourth-quarter earnings miss and concerning guidance, which sent the stock tumbling nearly 14 percent. The Analysts Mizuho Securities' Ann Hynes maintains a Neutral rating on Diplomat Pharmacy with a price target...
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Baird: What Rite Aid's Renewed Deal With Distributor McKesson Means For Both Companies
Thursday, December 20, 2018 - 12:32pm | 405Retail pharmacy chain Rite Aid Corporation (NYSE: RAD) announced a renewal of its contract Wednesday with pharmaceutical distributor McKesson Corporation (NYSE: MCK) through 2029. What Happened McKesson will continue sourcing and offering Rite Aid delivery of branded and generic drugs...
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Morgan Stanley Bullish On Amazon's New Automated Stores
Thursday, September 20, 2018 - 12:49pm | 440Amazon.com, Inc. (NASDAQ: AMZN) announced this week that it plans to open 3,000 Amazon Go stores over the next three years, with roughly 50 slated for 2019 openings. The Analyst Morgan Stanley analyst Brian Nowak maintained an Overweight rating on Amazon with a $2,500 price target. The...
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Fred's Rallies On $165M Pharmacy Deal With Walgreens
Monday, September 10, 2018 - 11:03am | 413Fred's, Inc. (NASDAQ: FRED) shares — which never really recovered from a mid-2017 slump following the termination of Walgreens Boots Alliance Inc (NASDAQ: WBA)'s deal to buy Rite Aid Corporation (NYSE: RAD) — are trading up Monday. The termination deprived Fred's of...
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With CVS Merger Looming, Cantor Fitzgerald Shifts To Neutral Stance On Aetna
Thursday, August 23, 2018 - 12:18pm | 444With a merger of CVS Health Corp. (NYSE: CVS) and Aetna Inc. (NYSE: AET) pending regulatory approval, Cantor Fitzgerald downgraded the health insurer on valuation. The Analyst Cantor Fitzgerald analyst Steven Halper downgraded Aetna from Overweight to Neutral with a price...
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Walgreens Is 'Poorly Positioned' In The Evolving Retail Pharmacy Space, Cowen Says
Monday, July 23, 2018 - 1:47pm | 439Walgreens Boots Alliance Inc (NASDAQ: WBA), the newest member of the Dow Jones Industrial Average, is "poorly positioned" within the evolving retail pharmacy space, according to Cowen. The Analyst Charles Rhyee downgraded Walgreens Boots Alliance from Outperform to Market Perform with a...
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Drug Supply Disruption: Amazon, Walmart Reportedly Vying For Online Pharmacy PillPack
Wednesday, April 4, 2018 - 11:10am | 363Walmart Inc (NYSE: WMT) reportedly wants to acquire online pharmacy PillPack but could have one notable obstacle in its way: competition from Amazon.com, Inc. (NASDAQ: AMZN). The Analyst Bernstein health care services analyst Lance Wilkes. The Thesis PillPack is an online pharmacy...
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Costco Falls Amid Allegations Of Kickbacks Related To Prescription Drugs
Wednesday, March 14, 2018 - 11:52am | 437Shares of Costco Wholesale Corporation (NASDAQ: COST) were trading lower Wednesday and the oversized decline versus the broader indices is being attributed by some traders to a concerning report out of Canada. What Happened Canada's state broadcaster, CBC, this week posted a trailer...
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Grocery Chain Albertsons To Buy Rite Aid
Tuesday, February 20, 2018 - 9:24am | 481Grocery store chain Albertsons reached an agreement to fully acquire Rite Aid Corporation (NYSE: RAD). What You Need To Know Rite Aid and Walgreens Boots Alliance Inc (NASDAQ: WBA) attempted to merge their pharmacy businesses together in 2015, but the merger failed. Rite Aid ended up selling...
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RBC Likes Express Scripts After 'Sharp' Pullback
Wednesday, January 31, 2018 - 3:47pm | 457Health care stocks ended Tuesday's session mostly lower after three of America's most notable CEOs announced a collaboration to explore ways of improving employee health care services and slashing costs. At the same time, this created a unique buying opportunity for Express Scripts Holding...