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Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:00 EDTCI, AET, WCGWellCare 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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March 25, 2015
07:38 EDTCI, AETPrice targets raised for Managed Care Organizations at UBS
UBS raised its price targets on the Managed Care Organizations in their coverage universe. The firm cites increased volumes, a lack of new legislation, the potential for industry consolidation, and limited exposure to international markets that face a weak macro economic backdrop. UBS raised its price target on Aetna (AET) to $128 from $120, Anthem (ANTM) to $175 from $163, Cigna (CI) to $149 from $140 and United Health (UNH) to $135 from $131. UBS has a Buy rating on all four stocks.
March 24, 2015
06:12 EDTWCGWellCare says Chairman David Gallitano will not stand for re-election
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March 20, 2015
08:18 EDTWCG, CI, AETLeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.
March 19, 2015
10:02 EDTAETOn The Fly: Analyst Upgrade Summary
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08:20 EDTAETAetna upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Aetna to Buy from Neutral. The firm says that the company is the best-positioned name within the large-cap health plan space , a defensive sector that has little exposure to Europe and reasonable growth prospects, according to the firm.
06:19 EDTAETAetna upgraded to Buy from Neutral at Sterne Agee
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March 18, 2015
12:46 EDTAETAetna, HackensackAlliance ACO announce collaboration
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March 17, 2015
09:00 EDTAETAetna management to meet with JPMorgan
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