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.
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Shares of pharmacy-benefits manager Express Scripts(ESI) - Get 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 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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