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UPDATE: Jefferies Downgrades Express Scripts to Hold; Maturing Earlier

Related ESRX
UPDATE: Goldman Sachs Downgrades Express Scripts Holding Company
Benzinga's Top Downgrades
The Stocks Already in Correction Mode (Fox Business)

Jefferies reduced its rating on Express Scripts (NASDAQ: ESRX) from Buy to Hold and lowered its price target from $70 to $56.

Jefferies said, "We are downgrading ESRX to Hold from Buy after mgmt commented last night that 2013 Street EPS expectations (currently at 21% Y/Y growth) are overly aggressive. While we had anticipated ESRX's growth rate to decelerate after synergies from its Medco acquisition are realized, it appears that ESRX is reaching its maturity point quicker than most investors had expected."

Express Scripts closed at $27.46 on Monday.

Latest Ratings for ESRX

DateFirmActionFromTo
Sep 2014Goldman SachsDowngradesBuyNeutral
Jul 2014JefferiesMaintainsBuy
Jul 2014Cleveland ResearchDowngradesNeutral

View More Analyst Ratings for ESRX
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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