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Stock Market & Financial Investment News

News Breaks
April 16, 2014
10:08 EDTUNH, AET, HUM, WLPUnitedHealth retreats after Citi cuts rating on shares
Shares of health insurer UnitedHealth (UNH) are dropping slightly in an advancing market after Citigroup downgraded the stock in a note to investors earlier today. WHAT'S NEW: United Health's stock doesn't justify a Buy rating at current levels, Citigroup analyst Carl McDonald wrote. The company has limited opportunities to increase its profits this year and its clients may utilize more health services, McDonald contends. Additionally, UnitedHealth spent a greater percentage of its revenues from Medicaid on medical expenses in the fourth quarter versus the previous quarter, the analyst noted. McDonald downgraded UnitedHealth to Neutral from Buy, but increased his price target on the stock to $79 from $77. PRICE ACTION: In early trading, UnitedHealth fell about 1% to $78.67. Other health insurers also declined, with Aetna (AET) giving back 0.5% to $71.25, Humana (HUM) losing 0.5% to $109.15, and WellPoint (WLP) declining 0.4% to $96.06.
News For UNH;AET;HUM;WLP From The Last 14 Days
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August 24, 2014
21:53 EDTUNHNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 14, 2014
14:13 EDTUNHOmega Advisors gives quarterly update on stakes
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08:06 EDTHUMHumana management to meet with Oppenheimer
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08:05 EDTHUMHumana management to meet with UBS
Meetings to be held in Denver/Minneapolis on August 14 hosted by UBS.
August 13, 2014
06:02 EDTWLPWellPoint changing corporate name to Anthem Inc.
WellPoint announced plans to change its corporate name to Anthem, Inc. The change is expected to take place by the end of 2014.

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