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Stock Market & Financial Investment News

News Breaks
April 9, 2012
10:42 EDTCNC, UNH, AGP, WCG, MOH, AETMedicaid pure-plays decline after losing Ohio Medicaid contracts
Ohio said on Friday that it had selected Aetna (AET) and United Healthcare (UNH) to provide service to Ohioans enrolled in Medicaid beginning on January 1, 2013. The state decided not to renew the contracts of Medicaid pure-plays Amerigroup (AGP), Centene (CNC), Molina Healthcare (MOH), and WellCare (WCG). In a note to investors today, Deutsche Bank wrote that Ohio's decision is disappointing for the pure-plays, especially given the large, mature and profitable nature of the Ohio Medicaid market. However, Deutsche believes that Ohio's decision will likely have the most negative impact on Molina, but be more manageable for the other three companies. The firm notes that Ohio was Molina's largest single health plan market in 2011 and accounted for nearly 22% of its premium revenue. Deutsche adds that Ohio accounted for 7% of the total 2011 enrollment of Centene and WellCare, and less than 3% of Amerigroup's Q4 enrollment. Centene said that it would "formally protest" the state's decision, while Molina stated in an SEC filing that it's "evaluating whether to pursue" an appeal. In mid-morning trading, Molina plunged 24.36% to $26.48, Amerigroup slid 4.63% to $64.33, Centene lost 13.25% to $44.08, and WellCare sank 6.32% to $69.55.
News For MOH;AGP;CNC;WCG;UNH;AET From The Last 14 Days
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July 31, 2015
08:56 EDTMOHMolina Healthcare price target raised to $85 from $78 at Susquehanna
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08:47 EDTMOHMolina Healthcare upgraded on strong results at Stifel
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06:01 EDTMOHMolina Healthcare upgraded to Buy from Hold at Stifel
July 30, 2015
16:28 EDTMOHMolina Healthcare reports Q2 adjusted EPS 86c, consensus 63c
Reports Q2 revenue $3.52B, consensus $3.6B. The company said, "Financial results for the second quarter of 2015 improved significantly over the same quarter of 2014 due to higher revenue, greater medical and administrative cost efficiency, and more complete state reimbursement of the Affordable Care Act Health Insurer Fee (HIF)."
10:00 EDTAETOn The Fly: Analyst Upgrade Summary
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06:31 EDTAETAetna upgraded to Buy from Neutral at BofA/Merrill
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
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07:33 EDTAETHumana sees Aetna transaction closing in 2H16
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July 28, 2015
06:11 EDTCNCCentene sees FY15 EPS $2.72-$2.82, consensus $2.79
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06:10 EDTCNCCentene reports Q2 EPS 72c, consensus 70c
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July 27, 2015
13:24 EDTAETRegulators to consider 'too big to fail' in health insurance reviews, CTFN says
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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.
08:10 EDTAETLeerink sees at least 60% chance of Anthem, Cigna deal being approved
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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 26, 2015
18:22 EDTAETMedia reports say Teva to buy Allergan unit as it looks beyond Mylan
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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.
08:43 EDTAETAetna positioned to report good Q2 results, says BMO Capital
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July 21, 2015
10:01 EDTCNCOn The Fly: Analyst Downgrade Summary
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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.
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