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Fly News Breaks for October 1, 2019
UNH, TDOC
Oct 1, 2019 | 10:36 EDT
Baird analyst Matthew Gillmor said he had been "somewhat hopeful" that UnitedHealth (UNH) would consolidate all of its virtual health offerings with Teladoc (TDOC) in 2020, but he now understands that UnitedHealth will continue with its legacy virtual care model and vendors within its Medicare Advantage book for 2020. He still suspects that Teladoc may be in a good position to win UnitedHealth's Medicare Advantage members in future years, assuming its model covering UnitedHealth's commercial book is a success. Gillmor keeps an Outperform rating and $80 price target on Teladoc shares.
News For TDOC;UNH From the Last 2 Days
UNH
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here
UNH
Mar 28, 2024 | 06:51 EDT
BofA downgraded Molina Healthcare (MOH) to Underperform from Neutral with a $439 price target. The firm, which is concerned that Molina and the Medicaid industry more broadly are likely to face rate pressure after a period of elevated margins, sees a less attractive risk/reward for Molina compared to other insurers the firm covers, the analyst tells investors. Molina is now trading roughly at parity with the firm's top pick in the space, UnitedHealth (UNH), compared to a 22% discount that had been seen over the last five years, helping to underscore the firm's view that "sentiment for Medicaid is nearing a top just at a time when Medicare is reaching a bottom," the analyst added.