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Here's Why Shares of Express Scripts are Higher in Friday's Session

Shares of the benefits manager were climbing on the bank's sunny forecast.

Shares of pharmacy-benefits manager Express Scripts (ESI) - Get Element Solutions, Inc. Report were higher Friday morning after analysts with Deutsche Bank raised their rating on the stock to "hold" from "sell." Analysts also raised their price target by $1 on Express Scripts shares to $70 a share. Deutsche says, "We are now increasingly confident that ESI will serve and monetize the Anthem (ANTM) - Get Anthem, Inc. Report contract through 2019, and that the two companies may even find their way to a resolution." Deutsche Bank also noted that consensus estimates for 2017 appear low, especially given expectations for single-digit operating profit growth. Shares of the company are down roughly 10% over the past three months.

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