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Stock Market & Financial Investment News

News Breaks
February 5, 2013
07:38 EDTCICigna shares likely up 5% or more on deal, says JPMorgan
JPMorgan expects shares of Cigna to be up 5% or more after the company announced a deal with Berkshire Hathaway to exit its Variable Annuity Death Benefits and Guaranteed Minimum Income Benefit reinsurance runoff businesses. The firm finds the deal terms favorable for Cigna and says the annoucnement removes an overhang on the stock’s valuation. JPMorgan keeps an Overweight rating on Cigna shares.
News For CI From The Last 14 Days
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March 30, 2015
09:29 EDTCICatamaran buyout a 'significant positive' for holders, says Leerink
Leerink views the buyout by UnitedHealth (UNH) as a "significant positive" for the shareholders of Catamaran (CTRX). The firm does not expect additional bidders to emerge. It also believes Catamaran will retain Cigna (CI) and HealthSpring as a client given the long-term nature of the contract and Catamaran's expertise in Medicare.
March 25, 2015
07:38 EDTCIPrice targets raised for Managed Care Organizations at UBS
UBS raised its price targets on the Managed Care Organizations in their coverage universe. The firm cites increased volumes, a lack of new legislation, the potential for industry consolidation, and limited exposure to international markets that face a weak macro economic backdrop. UBS raised its price target on Aetna (AET) to $128 from $120, Anthem (ANTM) to $175 from $163, Cigna (CI) to $149 from $140 and United Health (UNH) to $135 from $131. UBS has a Buy rating on all four stocks.
March 20, 2015
08:18 EDTCILeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.

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