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Stock Market & Financial Investment News

News Breaks
July 25, 2014
07:22 EDTCNC, WCGCentene downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Centene (CNC) to Market Perform saying contribution from the Florida managed care Medicaid program may be lower than expected following comments from WellCare (WCG). Wells lowered its price target range for Centene shares to $79-$84 from $84-$89.
News For CNC;WCG From The Last 14 Days
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April 17, 2015
08:04 EDTCNCCentene's Nurtur receives full URAC accreditation
Centene announced that Nurtur, its health and wellness subsidiary, received full Disease Management Accreditation from URAC, a Washington, DC-based healthcare accrediting organization that establishes quality standards for the healthcare industry.
April 13, 2015
10:58 EDTCNC, WCGCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTCNC, WCGJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).

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