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ANT

Anteon International Corp

, CI

Cigna

$138.70

-1.3 (-0.93%)

08:09
11/21/16
11/21
08:09
11/21/16
08:09

Anthem and Cigna merger trial to begin

U.S. District Court Judge Amy Berman Jackson has split the Anthem/Cigna merger case into two phases. The first phase will address the effect the $54B deal will have on the national health insurance market and the second phase will focus on local markets. The Justice Department will present evidence of allegations concerning national accounts on November 21.

ANT

Anteon International Corp

CI

Cigna

$138.70

-1.3 (-0.93%)

  • 21

    Nov

  • 29

    Nov

ANT Anteon International Corp

CI Cigna
$138.70

-1.3 (-0.93%)

08/25/16
COWN
08/25/16
NO CHANGE
COWN
Managed Care mergers unlikely to close, says Cowen
Cowen analyst Christine Arnold believes the current managed care mergers including Aetna (AET) and Humana (HUM) and Anthem (ANTM) and Cigna (CI) are unlikely to close. The analyst said the government's ability to appeal could extend the litigation process beyond the termination dates stipulated in the merger agreements. Arnold believes the Aetna/Humana merger has a better chance of closing relative to the Anthem/Cigna deal, but believes neither are likely to close.
09/22/16
EVER
09/22/16
INITIATION
Target $134
EVER
Hold
Cigna initiated with a Hold at Evercore ISI
Evercore ISI initiated Cigna with a Hold and a $134 price target.
10/17/16
JPMS
10/17/16
DOWNGRADE
Target $132
JPMS
Neutral
Anthem downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Gary Taylor downgraded Anthem (ANTM) to Neutral citing concerns over the company's individual insurance exchange exposure into 2017. Anthem's insurance exchange enrollment is poised to expand materially as other plans exit, Taylor tells investors in a research note. The analyst also assigns a less than 10% chance that the company's pending acquisition of Cigna (CI) gets approved. He lowered his price target for Anthem shares to $132 from $154.
11/09/16
BERN
11/09/16
NO CHANGE
BERN
Health insurers to see multiple catalysts from Trump presidency, says Bernstein
Bernstein analyst Lance Wilkes says that "repealing and replacing Obamacare will be Trump's primary focus." The analyst expects health insurers to benefit from from the repeal of ACA taxes and the elimination of requirements to spend a certain percentage of revenue on medical costs. Wilkes expects Anthem (ANTM) and Blue Cross/Blue Shield providers to benefit from the elimination of public exchanges and broad coverage requirements. Other health insurers include Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).

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