Halister News

(Bloomberg) -- Walgreens Boots Alliance, Rite Aid to reduce price for each share of RAD stock to be paid by WBA to range of $6.50-$7.00.

• In addition, WBA will be required to divest up to 1,200 RAD stores and certain additional related assets if required to obtain regulatory approval
• RAD down as much as 21% on volume >600k
• Statement:Link

(Bloomberg) -- WebMD Health indicates $48.50-$54 vs $48.23 close after Citigroup analyst Mark Kelley upgraded to buy on upside potential; PT $65 implies 35% boost from last close.

• Expects 2017 healthcare advertising budget growth of 8%-12%
• Even an in-line guidance for CY17 "will be enough" to get the stock moving
• NOTE: WBMD reports 4Q earnings on Feb. 16
• NOTE: Stock has 6 buys, 4 holds, 0 sells, avg PT $61: Bloomberg

To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Will Daley

(Bloomberg) -- Personal income seen rising 0.4% in Dec. after showing no change in Nov. (forecast range 0.2% to +0.6%); tracks wages and salaries, investment and rental income, transfer payments.

• Nov. marked first month without increase since Feb.
• Personal spending seen rising 0.5% in Dec. after increasing 0.2% in Nov. (forecast range +0.2% to +0.6%); tracks spending on goods and services, is used to calculate GDP
• Spending has been on the rise since April

--JANA RANDOW