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Stock Market & Financial Investment News

News Breaks
June 4, 2014
08:26 EDTWLP, ESRXWellPoint price target raised to $130 from $120 at Leerink
Leerink believes WellPoint (WLP) has "strong negotiating leverage" against Express Scripts (ESRX) over the 10-year contract between the two companies. Leerink thinks the contract could be renewed early under more favorable rates for WellPoint. The firm raised its price target for shares to $130 and keeps an Outperform rating on the stock. Leerink also raised its price target for Express Scripts shares to $85 from $80.
News For WLP;ESRX From The Last 14 Days
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July 24, 2014
06:50 EDTWLPConsumers received $9B in refunds from health insurers, The Hill says
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July 23, 2014
09:30 EDTESRXExpress Scripts downgraded to Neutral from Buy at Cleveland Research
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July 22, 2014
13:46 EDTWLPCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTWLPAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
July 14, 2014
09:23 EDTWLPWellPoint Q2 EPS likely to beat consensus by 55c, says Sterne Agee
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07:22 EDTWLPHealthcare Education Associates to hold a conference
4th Annual RISE California Summit to be held in San Diego on July 13-15.

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