Leerink Partners Downgrades Catamaran (CTRX) to Market Perform Amid Takeover

Leerink Partners downgraded Catamaran (NASDAQ: CTRX) from Outperform to Market Perform on the takeover deal.

"We believe the offer price of $61.50 per share is fair, and we believe Optum, the Health Services platform of UNH, is the best strategic fit for Catamaran and its clients," analyst David Larsen said.

For an analyst ratings summary and ratings history on Catamaran click here. For more ratings news on Catamaran click here.

Shares of Catamaran closed at $59.54 yesterday.

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