New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTWCG, CI, AETWellCare climbs after analyst says takeover probable
Shares of health insurer WellCare (WCG) are advancing after research firm Leerink wrote that the company is likely to be acquired and upgraded the stock. WHAT'S NEW: WellCare will probably be acquired in the next 18-24 months, Leerink analyst Ana Gupte wrote in a note to investors earlier today. The companies most likely to buy WellCare are Aetna (AET) and Cigna (CI), forecast Gupte after meeting with WellCare's management. The possibility of a takeover will keep WellCare from dropping significantly, while its medium-term outlook is "compelling," the analyst believes. Meanwhile, in 2015, the insurer should benefit from positive Medicare Advantage enrollment trends, wrote Gupte, who finds the stock's valuation compelling. The analyst upgraded the stock to Outperform from Market Perform and has a $74 price target on the shares. WHAT'S NOTABLE: On February 27, Credit Suisse upgraded WellCare to Outperform from Neutral, citing what it saw as the stock's favorable risk/reward ratio, along with favorable Medicaid and Medicare growth trends. The stock will be supported by a potential acquisition, the firm added. PRICE ACTION: In early trading, WellCare climbed $1.57, or 2.4%, to $66.90.
News For WCG;AET;CI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 22, 2015
12:39 EDTCICigna May June volatility elevated
Cigna June call option implied volatility is at 29, July is at 26, October is at 27; compared to its 52 week range of 16 to 31, suggesting large near term price movement.
May 20, 2015
07:42 EDTAETAetna removed from US Focus List at Credit Suisse
Subscribe for More Information
May 19, 2015
12:04 EDTAET, CIAnthem CFO says 'good time' for 'meaningful' acquisition, Reuters reports
Subscribe for More Information
May 18, 2015
09:33 EDTAETAetna repeats FY15 operating EPS view $7.20-$7.40, consensus $7.38
Subscribe for More Information
May 15, 2015
16:51 EDTAETGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
07:32 EDTWCGWellCare valuation compelling after selloff, says Leerink
Leerink views the valuation of WellCare shares as compelling following the company's "solid" Q1 results. The firm reiterates an Outperform rating on the stock with a $105 price target.
May 13, 2015
10:18 EDTAET, CIAnalyst says sell Humana amid 'wishful' takeover speculation
Subscribe for More Information
06:12 EDTCIHumana downgraded to Underperform from Neutral at Sterne Agee CRT
Sterne Agee CRT analyst Brian Wright downgraded Humana (HUM) to Underperform saying speculation about a takeover is "wishful thinking" at current share levels. The stock rallied 4% yesterday after Leerink told investors that Aetna (AET) may acquire Humana or Cigna (CI) in the near-term. Wright also sees "material" risk to Humana's earnings guidance risk with paid claims outpacing premium growth. He lowered his price target for shares to $150 from $165. Humana shares closed yesterday up $6.76 to $173.38.
May 12, 2015
15:39 EDTCICigna May volatility elevated
Cigna May call option implied volatility is at 35, June is at 28, and August is at 30; compared to its 90-day average of 31, suggesting large near term price movement.
13:03 EDTAETAetna repeats view of FY15 operating EPS $7.20-$7.40, consensus $7.38
Subscribe for More Information
11:53 EDTCI, AETAnalyst predicts large transaction 'imminent' for Aetna
Subscribe for More Information
10:04 EDTAETHigh option volume stocks
Subscribe for More Information
09:53 EDTAETAetna merger with Cigna or Humana likely 'imminent,' says Leerink
Subscribe for More Information
May 11, 2015
15:06 EDTAETAetna backs FY15 operating EPS $7.20-$7.40, consensus $7.38
In a regulatory filing earlier, Aetna reported that during upcoming investor meetings in May, the company expects to reaffirm its FY15 operating EPS guidance of $7.20-$7.40. Current FY15 EPS consensus is $7.38.
07:22 EDTWCGWellCare recent selloff presents buying opportunity, says Susquehanna
Subscribe for More Information
06:51 EDTAETAetna management to meet with Leerink
Meeting to be held in Hartford, CT on May 11 hosted by Leerink.

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