Express Scripts says likely to lose top client Anthem

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Cantor Fitzgerald Maintains Neutral Rating and $165 PT on Anthem (ANTM); 'Steps to Improve PBM Leverage Should be Positive'

April 24, 2017 5:26 PM EDT

Cantor Fitzgerald maintains Neutral rating and $165 price target on Anthem (NYSE: ANTM) as the company's pharmacy benefit manager, Express Scripts (ESRX), announced that it is unlikely that Anthem will renew its contract which expires on December 31, 2019.

Analyst Steven Halper notes the company generated... More