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Ari Rosa of Bank of America Merrill Lynch asks about maintaining the ROIC target as markets soften. $GBX said the backlog helps as it gives momentum with steady cash flow. It depends a lot on order rates for the next year. $GBX has a target to achieve 25% ROIC on incremental investments and it depends on pricing, mix and quantity.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.