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Thursday, August 9, 2018

Diplomat Pharmacy selloff creates good entry point, says JPMorgan


After hosting investor meetings with management, JPMorgan analyst Lisa Gill says the recent pullback in shares of Diplomat Pharmacy provides a good entry point. The meetings were positive with management highlighting the growth opportunities in both the specialty and pharmacy benefit management businesses, Gill tells investors in a research note. Further, she viewed the company’s commentary as favorable around the potential impact of President Trump’s drug price blueprint. The analyst reiterates an Overweight rating on Diplomat Pharmacy with a $27 price target.

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