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Fly News Breaks for December 19, 2019
ANTM, MOH, HNT, WCG, UNH, HUM, CVS, CNC, CI, HCA, CYH, LPNT, UHS, THC
Dec 19, 2019 | 07:32 EDT
Oppenheimer analyst Michael Wiederhorn noted that the Fifth Circuit Court of Appeals upheld the ruling that the Affordable Care Act's individual mandate is unconstitutional, but sent the ACA case back to the lower court to reconsider, which he believes was in line with most opinions of what would happen. The ACA uncertainty overhang is "not going away any time soon," but "neither is the ACA," which pushes off another overhang that has been plaguing ACA-impacted stocks such as Medicaid Managed Care Organizations and hospitals, contends Wiederhorn. Publicly traded companies in the medical insurance space include Anthem (ANTM), CVS Health (CVS), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
News For THC;UHS;LPNT;CYH;HCA;CI;CNC;CVS;HUM;UNH;WCG;HNT;MOH;ANTM From the Last 2 Days
MOH
Mar 28, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
UNH, MOH
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
MOH
Mar 28, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
UNH, MOH
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.
THC
Mar 27, 2024 | 04:50 EDT
Wolfe Research upgraded Tenet Healthcare to Outperform from Peer Perform with a $122 price target. The analyst sees upside to estimates from the Michigan supplemental Medicaid payment increase in 2024 coupled with the company's deleveraging story. The firm confirmed that Michigan has increased its Provider Tax program by $2B for the state fiscal year 2024. Its analysis of state info and Tenet filings points to potential for a $150M to $200M benefit to the company's bottom line or approximately 6%-8% upside versus Wolfe's $2.64B 2024 EBITDA estimate.