Report
Vishnu Lekraj
EUR 101.80 For Business Accounts Only

Express Reports In-Line 4Q; Management Pushes Back Aggressively Against Negative Sentiment

Express Scripts reported an in-line quarter and maintained its guidance for 2017. The firm has guided for increased adjusted prescription claims, profitability, and client retention. We are reiterating our wide moat rating and $100 fair value estimate for the pharmacy benefit manager after these latest developments. The firm has been under pressure from certain parts of the pharmaceutical and investment communities regarding the transparency of its business model and the true value it provides f...
Underlying
Express Scripts Holding Company

Express Scripts Holding is a pharmacy benefit management (PBM) company. The company has two reportable segments: PBM, which consists of clinical solutions, Express Scripts SafeGuardRx

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Vishnu Lekraj

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