NEW YORK (AP) — Citi Investment Research analysts said Tuesday that CVS Caremark Corp. and some smaller pharmacy benefits management companies should benefit in 2012 and 2013 from the split between Walgreen Co. and leading PBM Express Scripts Inc.

Analyst Deborah Weinswig downgraded Walgreen shares to “Sell” from “Neutral,” citing the business Walgreen is losing after it stopped filling prescriptions for Express Scripts on Jan. 1. Weinswig placed shares of CVS Caremark, which owns a large drugstore chain and a pharmacy benefits management business, on her list of stocks with a top recommendation.

 

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