Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Goldman Lowers Opinion on Priority Healthcare

Goldman Sachs downgraded its investment rating on shares of Priority Healthcare (PHCC) to market outperform from trading buy.

Analyst Christopher McFadden says the shares surpassed his $34 price target. While he remains enthusiastic about Priority's business model and its fundamental outlook for 2002, he notes that the shares are now trading at 35.5 times the analysts' consensus 2002 outlook, and that the risk/reward opportunity warrants a more conservative recommendation. Fundamentally, McFadden continues to believe Peg-Rebetol and more general specialty pharmacy trends remain strong, and thus he remains confident in his recently increased $0.19 fourth-quarter EPS estimate.

Although he maintains confidence in the company's EPS prospects and growth opportunities, McFadden thinks the outlook is properly reflected in the share price.

blog comments powered by Disqus