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CI

Cigna

$143.56

-1.77 (-1.22%)

, ANTM

Anthem

$160.25

-3.52 (-2.15%)

17:53
02/17/17
02/17
17:53
02/17/17
17:53

Cigna claims Anthem attempted to harm its business, Bloomberg says

Cigna (CI) has accused Anthem (ANTM) of attempting to hurt its business by stealing confidential documents and harassing its customers, Bloomberg reports, citing a complaint released Friday over their failed merger. In the complaint, made public in Delaware court, Cigna claims taht Anthem put its own interests ahead of obligations and misappropriated its confidential information, the report says. In addition, Cigna alleges that Anthem used this discovery of information to harass Cigna's customers, the report says.

CI

Cigna

$143.56

-1.77 (-1.22%)

ANTM

Anthem

$160.25

-3.52 (-2.15%)

CI Cigna
$143.56

-1.77 (-1.22%)

02/09/17
LEER
02/09/17
NO CHANGE
Target $170
LEER
Outperform
WellCare price target raised to $170 from $160 at Leerink
Leerink analyst Ana Gupte raised her price target for WellCare (WCG) to $170 from $160 following the company's "strong" EPS beat in Q4. The analyst believes WellCare is largely insulated from the downside of the Affordable Care Act "Repeal and Replace" given it had no exposure to Public Exchanges, while its exposure to Medicaid expansion is limited. Gupte sees a takeout as likely, with Aetna (AET) as the most likely buyer followed by Cigna (CI) or Anthem (ANTM). She reiterates an Outperform rating on WellCare's shares.
02/10/17
RBCM
02/10/17
UPGRADE
Target $172
RBCM
Outperform
Cigna upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Frank Morgan upgraded Cigna to Outperform saying the company is well positioned as a standalone entity. The analyst believes Cigna has "multiple positive levers" to drive earnings higher and sees a likelihood for "significant" capital deployment. Morgan raised his price target for the shares to $172 from $151.
02/10/17
02/10/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Ford (F) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois upgraded Ford (F) Motor to Hold saying the company's "bad news" in the last six months has been sufficiently priced into the shares. While cyclical risks remain, Ford should benefit the most of the big three from infrastructure spending, border adjusted tax reform and exposure to a Russian auto recovery, Houchois tells investors in a research note. He raised his price target for the shares to $12 from $10. 2. CSX (CSX) upgraded to Outperform from Market Perform at Avondale. 3. Jack in the Box (JACK) upgraded to Buy from Hold at SunTrust with analyst Jake Bartlett saying he expects the company to benefit from fewer discounts in the sector and market share gains going forward. 4. Cigna (CI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Frank Morgan saying the company is well positioned as a standalone entity. The analyst believes Cigna has "multiple positive levers" to drive earnings higher and sees a likelihood for "significant" capital deployment. Morgan raised his price target for the shares to $172 from $151. 5. Enerplus (ERF) upgraded to Outperform from Market Perform at BMO Capital with analyst Ray Kwan citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/17
OPCO
02/15/17
NO CHANGE
OPCO
Outperform
Cigna, Anthem deal termination not surprising, says Oppenheimer
Oppenheimer analyst Michael Wiederhorn does not believe there is much of a surprise with Cigna (CI)/Anthem (ANTM) deal officially being terminated, as the recent ruling was likely the final straw. However, the analyst notes that both companies are clearly posturing over the $1.85B termination fee, in what is likely to be an "intense legal battle." Regardless of the outcome, Wiederhorn reiterates an Outperform rating on Cigna due to its robust capital position and attractive valuation, but continues to favor the insurers overall as he thinks the group is well positioned for 2017 and beyond.
ANTM Anthem
$160.25

-3.52 (-2.15%)

02/09/17
SBSH
02/09/17
NO CHANGE
SBSH
Buy
Citi says Anthem, Cigna standalone stories remain attractive
After a federal judge officially blocked the merger between Anthem (ANTM) and Cigna (CI), Citi analyst Ralph Giacobbe says the standalone story of both companies remains attractive. The decision has been anticipated by the market with the only real deal-related question at this point likely around the breakup fee, Giacobbe tells investors in a research note. He views the removal of the deal overhang favorably. Anthem is likely to target a buyback more aggressively while Cigna may take a more measured approach, the analyst contends. He keeps a Buy rating on both names.
02/09/17
JPMS
02/09/17
NO CHANGE
JPMS
JPMorgan doesn't expect big moves for Anthem, Cigna shares
Given the low perceived probability of a merger approval, shares of Anthem (ANTM) and Cigna (CI) are unlikely to move materially today, JPMorgan analyst Gary Taylor tells investors in a research note. He also sees "little plausible grounds" for the companies to appeal the court's decision. The merger agreement states that Anthem owes Cigna a $1.85B taxable breakup fee upon a regulatory block, which this judgment clearly represents, Taylor contends. The analyst continues to believe that Anthem and Cigna could have potential interest in acquiring Humana (HUM).

TODAY'S FREE FLY STORIES

NFLX

Netflix

$190.12

0.56 (0.30%)

, DIS

Disney

$111.27

0.7 (0.63%)

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DIS

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$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

MSGN

MSG Networks

$19.80

0.05 (0.25%)

AMCX

AMC Networks

$55.33

1.16 (2.14%)

VIAB

Viacom

$30.24

0.53 (1.78%)

VIA

Viacom

$34.40

0.25 (0.73%)

XOM

Exxon Mobil

$83.03

0.13 (0.16%)

ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

ALK

Alaska Air

$70.83

1.44 (2.08%)

ORCL

Oracle

$48.30

-1.89 (-3.77%)

HUM

Humana

$253.64

3.03 (1.21%)

KND

Kindred Healthcare

$8.60

0.45 (5.52%)

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  • 12

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    Feb

CME

CME Group

$151.07

0.65 (0.43%)

19:31
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CME becomes second exchange to launch bitcoin futures, Reuters says »

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SPPI

Spectrum

$19.04

0.38 (2.04%)

19:10
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Spectrum Pharmaceuticals terminates Rajesh Shrotriya from CEO position »

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SO

Southern Company

$51.31

-0.21 (-0.41%)

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BHP

BHP Billiton

$43.08

0.74 (1.75%)

, XOM

Exxon Mobil

$83.03

0.13 (0.16%)

18:29
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BHP, Esso to separately market Gippsland Basin gas, Reuters says »

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BHP

BHP Billiton

$43.08

0.74 (1.75%)

XOM

Exxon Mobil

$83.03

0.13 (0.16%)

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BDRBF

Bombardier

17:48
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Bombardier wins contract to provide Melbourne high-capacity signaling system »

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TWX

Time Warner

$90.25

0.6 (0.67%)

, CMCSA

Comcast

$39.71

0.59 (1.51%)

17:38
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Box Office Battle: 'Star Wars: The Last Jedi'' opens to $220M in U.S. »

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TWX

Time Warner

$90.25

0.6 (0.67%)

CMCSA

Comcast

$39.71

0.59 (1.51%)

CMCSK

Comcast

SNE

Sony

$44.84

0.39 (0.88%)

FOX

21st Century Fox

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

LGF.A

Lionsgate

$32.99

0.49 (1.51%)

DIS

Disney

$111.27

0.7 (0.63%)

VIAB

Viacom

$30.24

0.53 (1.78%)

VIA

Viacom

$34.40

0.25 (0.73%)

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  • 08

    Feb

  • 08

    Feb

EQIX

Equinix

$457.85

-2.5 (-0.54%)

17:17
12/17/17
12/17
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Equinix announces acquisition of Metronode »

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MET

MetLife

$51.41

-1.08 (-2.06%)

17:11
12/17/17
12/17
17:11
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17:11
Periodicals
Metlife failed to pay some pensions, Reuters reports »

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  • 12

    Jun

GM

General Motors

$40.95

0.14 (0.34%)

17:06
12/17/17
12/17
17:06
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17:06
Periodicals
GM facing $1B reckoning in ignition-switch settlement, WSJ reports »

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  • 09

    Jan

  • 16

    Jan

TCEHY

Tencent

$50.31

-0.231 (-0.46%)

, BABA

Alibaba

$173.55

1.8 (1.05%)

16:58
12/17/17
12/17
16:58
12/17/17
16:58
Periodicals
Tencent to buy stake in supermarket chain, Bloomberg reports »

Tencent (TCEHY) to buy a…

TCEHY

Tencent

$50.31

-0.231 (-0.46%)

BABA

Alibaba

$173.55

1.8 (1.05%)

03/08/13
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AMZN

Amazon.com

$1,179.14

4.88 (0.42%)

16:50
12/17/17
12/17
16:50
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16:50
Periodicals
Amazon in talks to acquire Sqrrl, Axios reports »

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  • 18

    Mar

HUM

Humana

$253.64

3.03 (1.21%)

, KND

Kindred Healthcare

$8.60

0.45 (5.52%)

16:48
12/17/17
12/17
16:48
12/17/17
16:48
Periodicals
Humana in talks to acquire Kindred Healthcare, Reuters reports »

Humana (HUM) is in…

HUM

Humana

$253.64

3.03 (1.21%)

KND

Kindred Healthcare

$8.60

0.45 (5.52%)

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ORCL

Oracle

$48.30

-1.89 (-3.77%)

16:39
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CSX

CSX

$52.93

-4.38 (-7.64%)

16:35
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VRX

Valeant

$19.71

0.03 (0.15%)

16:09
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Valeant, subsidiary announce early tender results »

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  • 27

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KMF

Kayne Anderson Midstream/Energy Fund

$13.78

0.09 (0.66%)

16:01
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Kayne Anderson Midstream/Energy Fund announces distribution of 30c per share »

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KYN

Kayne Anderson MLP

15:59
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Kayne Anderson MLP announces distribution of 45c per share for Q4 »

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KED

Kayne Anderson Energy

$16.68

-0.01 (-0.06%)

15:56
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KYE

Kayne Anderson Energy

$10.19

-0.01 (-0.10%)

15:53
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CSX

CSX

$52.93

-4.38 (-7.64%)

15:18
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CBOE

CBOE Holdings

$126.37

0.31 (0.25%)

11:22
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CBOE should not be treated as 'set and forget,' Barron's says »

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DIS

Disney

$111.27

0.7 (0.63%)

, FOXA

21st Century Fox

$34.99

0.11 (0.32%)

11:17
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12/16
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Periodicals
Disney/Fox 'a murky web of deals within deals,' Barron's says »

Walt Disney's (DIS)…

DIS

Disney

$111.27

0.7 (0.63%)

FOXA

21st Century Fox

$34.99

0.11 (0.32%)

FOX

21st Century Fox

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ALK

Alaska Air

$70.83

1.44 (2.08%)

10:53
12/16/17
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Alaska air should bounce back in 2018, Barron's says »

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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

10:42
12/16/17
12/16
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10:42
Periodicals
Spark Therapeutics selloff may be overdone, Barron's says »

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