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Fly News Breaks for May 7, 2015
CVS, UNH, CTRX, ANTM, ESRX
May 7, 2015 | 08:22 EDT
After speaking with specialists, Leerink believes the merger between Catamaran (CTRX) and UnitedHealth (UNH) makes it more likely that Express Scripts (ESRX) will renew with Anthem (ANTM) at least through 2019. The firm also thinks the merger could benefit CVS Health (CVS) and Express Scripts as some plans may perceive integration risk with Catamaran. Leerink maintains Outperform ratings on CVS and Express Scripts, with a preference toward CVS.
News For ESRX;ANTM;CTRX;UNH;CVS From the Last 2 Days
UNH
Apr 18, 2024 | 09:56 EDT
Notable gainers among liquid option names this morning include Genuine Parts (GPC) $159.09 +15.03, Globe Life (GL) $66.97 +3.74, Anthem (ELV) $532.10 +23.13, United Continental (UAL) $50.59 +1.84, and UnitedHealth (UNH) $494.80 +15.81.
UNH
Apr 18, 2024 | 09:41 EDT
Unusual total active option classes on open include: Wrap Technologies (WRAP), AstraZeneca (AZN), JetBlue (JBLU), United Continental (UAL), Taiwan Semi (TSM), Nokia (NOK), EBay (EBAY), Maplebear Inc (CART), Airbnb (ABNB), and UnitedHealth (UNH).
UNH
Apr 17, 2024 | 08:11 EDT
RBC Capital analyst Ben Hendrix lowered the firm's price target on UnitedHealth to $555 from $596 but keeps an Outperform rating on the shares. The company reported a "better than feared" Q1, but the debate over utilization trends is expected to persist through the first half as excess reserves skew the medical care ratio picture, the analyst tells investors in a research note. RBC also notes that its added caution reflects UnitedHealth's "reduced claims visibility".