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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:29 EDTUNH, WLP, AET, CIHealth insurers fall after two downgrades from Goldman
Shares of a number of health insurers are falling after Goldman Sachs downgraded its rating on one stock in the sector and removed another from its Conviction List. WHAT'S NEW: Goldman analyst Matthew Borsch downgraded his rating on Aetna (AET) to Neutral from Buy and removed UnitedHealth (UNH) from the firm's Conviction List, as he believes that other stocks in the healthcare sector are more attractive. Utilization of healthcare services by individuals who don't have the Affordable Care Act is likely to show signs of increasing by 2015, posing a "manageable" challenge to health insurers, Borsch wrote. However, the increase in the utilization of these services is likely to be "relatively gradual" compared with similar trends in the past, the analyst contended. Borsch based his forecast on healthcare spending trends during previous economic recoveries. He reduced his 2015 earnings estimate for Aetna to $7 from $7.10 and for United Health to $5.95 from $6. He reduced his 2015 EPS estimates for other companies in the sector, as his earnings outlook for WellPoint (WLP) declined to $9.20 from $9.35, while his estimate for Cigna (CI) for next year dropped to $7.90 from $8. The analyst kept Neutral ratings on both WellPoint and Cigna. Meanwhile, Borsch cut his price target on Aetna to $88 from $91 and on UnitedHealth to $91 from $96. PRICE ACTION: In early afternoon trading, Aetna fell 3% to $76, UnitedHealth slumped 2.5% to $79.50, WellPoint declined 2.5% to $108, and Cigna retreated 2.5% to $89.
News For AET;UNH;CI;WLP From The Last 14 Days
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January 29, 2015
08:44 EDTUNHUnitedHealth selects Gilead's Harvoni for hepatitis C coverage, Reuters says
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January 27, 2015
18:05 EDTAETAetna in three-year reinsurance arrangement with Vitality Re VI Limited
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January 26, 2015
12:39 EDTWLP, UNH, CI, AETHHS Secretary orders Medicare to change payment method, WSJ says
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09:16 EDTCICigna to acquire QualAlliance Networks, terms not disclosed
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January 22, 2015
08:15 EDTUNHUnitedHealth price target raised to $125 from $115 at Leerink
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January 21, 2015
09:16 EDTUNHOn The Fly: Pre-market Movers
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06:06 EDTUNHUnitedHealth: Employer & Individual revenues decreased to $43B in 2014
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06:05 EDTUNHUnitedHealth: ACA negatively impacted FY earnings by $1.00 per share
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06:02 EDTUNHUnitedHealth sees FY15 EPS $6.00-$6.25, consensus $6.17
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06:01 EDTUNHUnitedHealth reports Q4 EPS $1.55, consensus $1.50
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January 20, 2015
15:21 EDTUNHNotable companies reporting before tomorrow's open
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14:06 EDTCICitizens, Keysight identified as long positions by Einhorn
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13:24 EDTCIGreenlight has new long positions in Citizens, Time Warner, Bloomberg says
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12:57 EDTUNHUnitedHealth volatility elevated into Q4 and outlook
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January 18, 2015
17:40 EDTAETAetna customers can switch coverage after mistake, Bloomberg says
Aetna is being investigated by the U.S. for misleading elderly and disabled people about which pharmacies would fill prescriptions in Medicare drug plans the health insurer sold them, says Bloomberg. According to the Bloomberg report, customers will be able to quit their coverage and choose a new plan this year as a result. Raymond Thorn, a spokesman for the Centers for Medicare and Medicaid Services said Aetna may be fined or prohibited from enrolling new Medicare customers if the agency determines it intentionally misled Medicare patients, added Bloomberg. Reference Link
January 16, 2015
14:54 EDTAETGilead at high of day, up 3% after reaching hep C drug pact with Aetna
14:46 EDTAETAetna, Gilead confirm discount pricing for hepatitis C drugs Harvoni, Sovaldi
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10:47 EDTUNH, CI, AETBofA/Merrill healthcare facilities analyst analyst/industry conference call
Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.

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