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Fly News Breaks for May 24, 2016
CI, ANTM
May 24, 2016 | 08:48 EDT
As noted earlier, Sterne Agee CRT downgraded Anthem (ANTM) to Neutral from Buy. The firm says that state department of insurance filings indicate that that Anthem's individual business could "deteriorate more significantly than expected" during the rest of the year. Additionally, the firm says that reports indicate that the company's acquisition of Cigna (CI) "is in trouble with the Department of Justice."
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