Restructured Walgreens/Rite Aid Deal a Slight Positive for AmerisourceBergen (ABC), Slight Negative for McKesson (MCK) - Needham
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Rating Summary:
8 Buy, 22 Hold, 5 Sell
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Today's Overall Ratings:
Up: 11 | Down: 7 | New: 11
Rating Summary:
8 Buy, 22 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 11
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Needham & Company analyst Kevin Caliendo said news Walgreens (NYSE: WBA) would be buying nearly half, or roughly 2,200 stores from Rite Aid (NYSE: RAD) as a new agreement following the termination of their existing agreement is a slight positive for AmerisourceBergen (NYSE: ABC) and a slight negative for McKesson (NYSE: MCK).
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