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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTAET, WCG, CIWellCare 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
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August 28, 2015
11:04 EDTCIOptions with increasing implied volatility
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August 26, 2015
12:02 EDTAETAetna, MemorialCare announce accountable care collaboration in California
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August 18, 2015
07:57 EDTWCGMagellan Iowa loss largely priced into shares, says Jefferies
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August 17, 2015
16:12 EDTWCGMagellan drops after Iowa picks four others for Medicaid
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15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTWCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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05:59 EDTAETStocks with implied volatility movement; AET PMCS
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