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Fly News Breaks for April 28, 2017
UNH, TVTY
Apr 28, 2017 | 08:28 EDT
SunTrust analyst David MacDonald raised his price target for Tivity (TVTY) to $40 citing the company's "strong" Q1 results. He thinks that United Health's (UNH) decision to renew its deal with Tivity eliminates the risk facing the stock, and he is upbeat on Tivity's fundamentals going forward. The analyst keeps a Buy rating on the shares.
News For TVTY;UNH From the Last 2 Days
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.