Lance Wilkes

UnitedHealth Group Inc (NYSE: UNH) announced its second-quarter earnings on Friday, lending upside to shares. The current valuation of the stock does not reflect the company’s long-term growth prospects, according to Bernstein. The UnitedHealth Analyst: Lance Wilkes upgraded the rating on...

Bernstein is bullish on the prospects for CVS Health Corp (NYSE: CVS), notwithstanding the headwinds facing pharmacy benefit managers, or PBMs, given the likelihood that the bulk of prescriptions may ultimately move online. The Analyst Analyst Lance Wilkes initiated coverage of CVS Health with an...

Amazon.com, Inc. (NASDAQ: AMZN) announced its acquisition of PillPack, an online pharmacy previously targeted by Walmart Inc (NYSE: WMT). The transaction is seen to advance Amazon’s health care campaign to the detriment of the vast and diverse sector. What It Means For Amazon Amazon had...

Walmart Inc (NYSE: WMT) reportedly wants to acquire online pharmacy PillPack but could have one notable obstacle in its way: competition from Amazon.com, Inc. (NASDAQ: AMZN). The Analyst Bernstein health care services analyst Lance Wilkes. The Thesis PillPack is an online pharmacy...

Health insurer CIGNA Corporation (NYSE: CI) announced a deal March 8 to buy Express Scripts Holding Company (NASDAQ: ESRX) for $67 billion. The Analyst Bernstein analyst Lance Wilkes initiated coverage of Cigna with a Market Perform rating and $194 price target, suggesting 13-percent...

Shares of Express Scripts Holding Company (NASDAQ: ESRX) have risen more than 30 percent since Thanksgiving 2017, mostly due to expectations of earnings improvements stemming from U.S. tax legislation. But the gains are now "overdone," according to Bernstein.  The Analyst Bernstein...

After 2017 ended less eventfully than many expected for the health care industry, investors are now turning their attention to the business trends impacting the industry in the new year. In a new note, Bernstein analyst Lance Wilkes describes what he views as the three most important sector...

Recent developments in the healthcare space, including the proposed merger between CVS Health Corp (NYSE: CVS) and Aetna Inc (NYSE: AET), bodes well for Express Scripts Holding Company (NASDAQ: ESRX). The Analyst Bernstein's Lance Wilkes upgraded Express Scripts from Underperform to...

Rumors that Amazon.com, Inc. (NASDAQ: AMZN) may soon be jumping into the pharmacy business have weighed on drug retailers Walgreens Boots Alliance Inc (NASDAQ: WBA) and CVS Health Corp (NYSE: CVS). However, pharmacy benefit managers, which serve as middlemen between insurers and pharmaceutical...

Last week, Leerink analyst David Larsen said that it’s only a matter of time before Amazon.com, Inc. (NASDAQ: AMZN) takes the plunge into the pharmacy business and that Amazon could be selling prescription drugs within two years’ time. On Monday, Bernstein analyst Lance Wilkes said...

Amazon.com, Inc. (NASDAQ: AMZN) is expected to take a big step into pharmacy ━ because it can. “We think that Amazon will enter the retail pharmacy industry, in large part because this is a large and disruptable market,” Bernstein analyst Lance Wilkes said in a Thursday note. But its...

UnitedHealth Group Inc (NYSE: UNH) may be on the brink of acquiring health care and education consulting firm The Advisory Board Company (NASDAQ: ABCO), a move that could give UnitedHealth a major leg up on the competition. Reports have surfaced that UnitedHealth is working with private equity firm...