Goldman Sachs Resumes Express Scripts (ESRX) at Conviction Buy
Get Alerts ESRX Hot Sheet
Price: $92.33 --0%
Rating Summary:
6 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 18 | New: 23
Rating Summary:
6 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 18 | New: 23
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Goldman Sachs resumes coverage on Express Scripts (NASDAQ: ESRX) with a Conviction Buy rating and $70 price target, suggesting 26% following approval of the Medco merger.
The firm notes that with the merger Express Scripts becomes a top 10 US HC company (market cap) growing EPS over 20% on average through 2015.
Goldman said catalysts included: 22% three-year EPS CAGR, a robust 2013 selling season, as generics and mail benefit slows Express' unmatched scale and specialty capabilities will drive earnings.
For an analyst ratings summary and ratings history on Express Scripts click here. For more ratings news on Express Scripts click here.
Shares of Express Scripts closed at $55.50 yesterday.
The firm notes that with the merger Express Scripts becomes a top 10 US HC company (market cap) growing EPS over 20% on average through 2015.
Goldman said catalysts included: 22% three-year EPS CAGR, a robust 2013 selling season, as generics and mail benefit slows Express' unmatched scale and specialty capabilities will drive earnings.
For an analyst ratings summary and ratings history on Express Scripts click here. For more ratings news on Express Scripts click here.
Shares of Express Scripts closed at $55.50 yesterday.
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