Health reform struggle dims tax cut prospects: BMO

Dimming prospects for significant tax reforms hammered US equity
markets today and could undermine earnings forecasts built partly
on the assumption that the corporate rate targeted by President
Donald Trump would be cut this year.
"Currently, we are incorporating US tax reform in our 2018
estimates and the lack of such a positive catalyst would likely
have negative implications for several names in our coverage,"
BMO Capital Markets analyst Charles Sebaski said in a note to
investors. He single