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Fly News Breaks for July 22, 2016
HUM, AET, ANTM, CI
Jul 22, 2016 | 08:50 EDT
Cowen noted the DOJ tone toward the pending managed care deals is decidedly negative and raised the burden of proof on the companies to demonstrate the deals are not anti-competitive. Cowen believes Cigna has the most upside of the four companies involved whether the deals go through or not. Cowen has an Outperform rating and $160 price target on Cigna shares.
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