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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:27 EDTCI, CTRXCatamaran weakness a buying opportunity, says Cowen
Cowen said weakness in Catamaran (CTRX) related to Cigna's (CI) decision to keep its PBM or not has not bearing on the company. The firm expects Cigna to keep the PBM but to contract out the back-end fulfillment services, which Catamaran is likely to get the rest of, while Cigna keeps the more profitable portion of the business in-house. Shares are Outperform rated.
News For CTRX;CI From The Last 14 Days
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April 23, 2015
12:08 EDTCTRXLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Larsen, along with Mary Ptacek, VP of Pharmaceutical Strategies Group and Ruth Krystopolski, EVP of Sanford Health, discuss the 2016-2017 Pharmacy Benefit Managers selling season and which PBMs are poised to gain share, the impact of WBAs growth plans, recent M&A activity and biosimilars on an Analyst/Industry conference call to be held on April 24 at 2 pm.
April 22, 2015
10:02 EDTCTRXOn The Fly: Analyst Downgrade Summary
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09:20 EDTCTRXCatamaran downgraded to Hold from Buy at Maxim
Maxim downgraded Catamaran to Hold citing the takeover by OptumRx as it does not believe another suitor will emerge with a counter bid.
April 16, 2015
06:05 EDTCTRXUnitedHealth says Catamaran combination to contribute 30c to 2016 earnings
April 15, 2015
11:51 EDTCTRXExpress Scripts down 2% as Walgreens speaks at analyst day
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April 13, 2015
10:58 EDTCICigna, Humana seen as potential takeover targets in Managed Care space
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10:33 EDTCTRXOptions with decreasing implied volatility
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07:33 EDTCIJefferies 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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