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Guggenheim Remains Bullish on Amazon (AMZN) Following PillPack Acquisition
July 2, 2018 7:37 AM EDTGuggenheim reiterated a Buy rating and $1850.00 price target on Amazon.com (NASDAQ: AMZN) following the company's recent acquisition of PillPack. This drove a 5-10% correction in drug retail shares on the assumption that this would place incremental pressure on pricing and profitability.
Analyst John... More
Amazon (AMZN) Announces Acquisition of PillPack
June 28, 2018 8:31 AM EDTAmazon (NASDAQ: AMZN) and PillPack today announced that they have entered into a definitive merger agreement under which Amazon will acquire PillPack. PillPack is a pharmacy designed to provide the best possible customer experience in the U.S. for people who take multiple daily prescriptions. PillPack delivers medications in... More
