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News Breaks | | | | August 20, 2012 | | 11:04 EDT |  | CNC, MOH, AET, CVH | Centene, Molina drop after Aetna's acquisition of Coventry
Health insurers Centene Corp. (CNC) and Molina Healthcare (MOH) are retreating after Aetna (AET) agreed to buy another health insurer, Coventry Health (CVH). In a note to investors before the market opened today, research firm Stifel Nicolaus wrote that shares of Centene and Molina could drop in the wake of Aetna's deal. No company would be an obvious candidate to acquire Centene or Molina, which mainly focus on facilitating government health programs, the firm contended. In mid-morning trading, Centene tumbled 8.32% to $38.33, while Molina gave back 1.61% to $25.11. | |
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News For CNC;MOH;AET;CVH From The Last 14 Days Check below for free stories on CNC;MOH;AET;CVH the last two weeks. |
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| May 22, 2013 | | 10:12 EDT |  | CNC | Centene management to meet with Lazard Capital
 Subscribe for More Information | | | May 21, 2013 | | 10:00 EDT |  | AET | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 06:04 EDT | | AET | Aetna reinstated with a Buy at Goldman
Target $68. | | | May 15, 2013 | | 17:36 EDT | | AET | Paulson gives quarterly update on stakes
Subscribe for More Information | | | May 14, 2013 | | 12:00 EDT | | AET | Aetna forms strategic alliance with Tawuniya
Subscribe for More Information | | | May 10, 2013 | | 08:02 EDT | | CNC | Centene to receive California Medi-Cal contract
Subscribe for More Information | | | May 8, 2013 | | 08:04 EDT |  | AET | Aetna price target raised to $72 from $67 at Susquehanna
Susquehanna raised its price target on Aetna following the closing of its acquisition of Coventry Health as management anticipates earnings accretion to double over the next couple of years. Near-term the firm believes the company is well positioned to exceed its 2013 guidance. Shares are Positive rated. | |
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