New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 28, 2013
15:24 EDTCNCCentene received notice of intent to award California Medicaid contract
Centene Corporation announced that its subsidiary, California Health and Wellness Plan, has been notified by the California Department of Health Care Services of its intent to award a contract to serve Medicaid beneficiaries in 18 counties, pending regulatory approval. Under the contract, California Health and Wellness Plan will serve members under the state's Medi-Cal Managed Care Rural Expansion program. The expansion program covers members eligible for Temporary Assistance for Needy Families and Children's Health Insurance Program, as well as other populations, the company said.
News For CNC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
16:59 EDTCNCHealth Net cancels conference call, webcast
Health Net (HNT) announced that, as a result of the July 2, announcement that Health Net and Centene (CNC) approved a definitive agreement under which Centene will acquire all of the shares of Health Net in a cash and stock transaction valued at approximately $6.8B, including the assumption of approximately $500M of debt, Health Net is cancelling its previously scheduled Q2 earnings conference call and webcast. The call was previously scheduled for August 4, at 12:00 noon Eastern time. Health Net intends to issue a press release reporting the company’s financial results for Q2, as planned, before the market opens on Tuesday, August 4. The company expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30 with the SEC on or about August 5.
09:12 EDTCNCCentene has reached attractive entry point, says BMO Capital
Subscribe for More Information
July 28, 2015
06:11 EDTCNCCentene sees FY15 EPS $2.72-$2.82, consensus $2.79
Subscribe for More Information
06:10 EDTCNCCentene reports Q2 EPS 72c, consensus 70c
Subscribe for More Information
July 27, 2015
10:00 EDTCNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADT Corp. (ADT) upgraded to Buy from Neutral at Citi... AGCO (AGCO) upgraded to Neutral from Sell at Goldman... Anthem (ANTM) upgraded to Buy from Neutral at Sterne Agee CRT... BNP Paribas (BNPQY) upgraded to Buy from Neutral at Goldman... Biogen (BIIB) upgraded on valuation at Bernstein... Box (BOX) upgraded to Overweight from Sector Weight at Pacific Crest... Capital One (COF) upgraded to Buy from Outperform at CLSA... Centene (CNC) upgraded to Buy from Neutral at UBS... Chesapeake (CHK) upgraded on potential sale of assets or company at SunTrust... Cigna (CI) upgraded to Buy from Neutral at Sterne Agee CRT... Deere (DE) upgraded to Neutral from Sell at Goldman... First BanCorp (FBP) upgraded to Buy from Neutral at Guggenheim... Flotek (FTK) upgraded on stronger demand at Oppenheimer... Lear (LEA) upgraded to Buy from Hold at Deutsche Bank... Methanex (MEOH) upgraded to Outperform from Sector Perform at Scotia Howard Weil... News Corp. (NWSA) upgraded to Outperform from Neutral at Macquarie... NextEra Energy Partners (NEP) upgraded to Outperform at Wells Fargo... OFG Bancorp (OFG) upgraded to Buy from Neutral at Guggenheim... PennyMac Mortgage (PMT) upgraded to Buy from Neutral at Compass Point... Pool Corp. (POOL) upgraded to Outperform from Market Perform at William Blair... Popular (BPOP) upgraded to Buy from Neutral at Guggenheim... Qualcomm (QCOM) upgraded to Overweight from Equal Weight at Morgan Stanley... Quality Systems (QSII) upgraded on valuation at RBC Capital... VF Corp. (VFC) upgraded to Buy from Neutral at Goldman... Ventas (VTR) upgraded on valuation, positive catalysts at BMO Capital... Weatherford (WFT) upgraded to Equal Weight from Underweight at Barclays... SS&C (SSNC) upgraded to Buy from Hold at Sandler O'Neill... Chemung Financial (CHMG) upgraded to Buy from Hold at Sandler O'Neill... Cameron (CAM) upgraded to Buy from Accumulate at Global Hunter.
07:33 EDTCNCCentene upgraded to Buy from Neutral at UBS
UBS upgraded Centene to Buy from Neutral citing recent share weakness, its strong pipeline and other underappreciated opportunities. UBS maintained its $80 price target on Centene shares.
July 22, 2015
08:47 EDTCNCCentene weakness creates buying opportunity, says BMO Capital
BMO Capital believes that Centene's (CNC) earnings can increase 24% year-over-year in the near-term, driven by predictable levels of medical cost and continued membership growth. Over the longer term, the firm thinks that the company's acquisition of HealthNet (HNT), large addressable markets, cost synergies and improved positioning in California leave it well-positioned to increase its earnings.
July 21, 2015
10:01 EDTCNCOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:28 EDTCNCCentene downgraded to Sell from Neutral at Goldman
Goldman downgraded Centene (CNC) to Sell with a $69 price target. The firm's analyst believes Centene's acquisition of Health Net (HNT) is a signal of slower organic growth and makes the company a less likely M&A target. Goldman sees increasing execution risk given complex deal integration and lowered its price target to $69 from $73 on shares.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use