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CVS

CVS Health

, AET

Aetna

$184.56

0.35 (0.19%)

14:44
01/12/18
01/12
14:44
01/12/18
14:44

CVS intends to keep Aetna's headquarters in Connecticut, Reuters reports

CVS Health (CVS) said in intends to maintain Aetna's (AET) headquarters in Connecticut after it completes its $69B takeover of the U.S. health insurer, Reuters reports. "We have no plans to relocate Aetna's operations from Hartford and, in fact, view Hartford as the future location of our center of excellence for the insurance business," a CVS spokesperson said in an email, according to Reuters. CVS will still be headquartered in Rhode Island, the report notes. Reference Link

CVS

CVS Health

AET

Aetna

$184.56

0.35 (0.19%)

CVS CVS Health

01/05/18
RHCO
01/05/18
NO CHANGE
Target $90
RHCO
Buy
CVS Health price target raised to $90 from $85 at SunTrust
SunTrust analyst David MacDonald raised his price target on CVS Health to $90 after the company's FY18 outlook highlighted "solid underlying trends". MacDonalds says the company's operating income growth is in line with his estimate despite the "more pronounced headwind from the Anthem (ANTM) implementation and RxCrossroads divestiture", while remaining bullish on the pending Aetna (AET) deal and the benefits from the recent corporate tax rate changes. The analyst keeps his Buy rating on CVS Health.
01/05/18
01/05/18
UPGRADE
Target $88

Overweight
CVS Health upgraded to Overweight on Aetna deal potential at Morgan Stanley
As previously reported, Morgan Stanley analyst Ricky Goldwasser upgraded CVS Health (CVS) to Overweight from Equal Weight, contending that its planned acquisition of Aetna (AET) creates a path for accelerating EBIT growth from synergies and new Aetna membership. He also believes that in 2021 and beyond CVS has an opportunity to reshape access to healthcare by leveraging existing real estate to create local healthcare hubs, he tells investors. Goldwasser raised his price target on CVS shares to $88 from $81, adding that management's track record gives him confidence and that tax reform gives the company an "underappreciated war chest."
01/05/18
01/05/18
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. CVS Health (CVS) upgraded to Overweight from Equal Weight at Morgan Stanley WITH analyst Ricky Goldwasser contending that its planned acquisition of Aetna (AET) creates a path for accelerating EBIT growth from synergies and new Aetna membership. 2. Eli Lilly (LLY) upgraded to Buy from Hold at Argus with analyst David Toung citing possible "blockbuster" launches of baricitinib and galcanezumab as well as a regulatory update on galcanezumab as potential 2018 catalysts. 3. Lowe's (LOW) was upgraded to Overweight from Equal Weight and Target (TGT) was upgraded to Equal Weight from Underweight at Barclays. 4. Foot Locker (FL) upgraded to Buy from Neutral at Buckingham with analyst Scott Krasik saying he believes key product assortments are improving and expects an inflection in comparables by the second quarter. 5. Jack in the Box (JACK) upgraded to Neutral from Sell at Goldman Sachs with analyst Karen Holthouse saying the company is a "strong beneficiary" of tax reform. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/12/18
COWN
01/12/18
NO CHANGE
Target $39
COWN
Outperform
Teladoc weakness a buying opportunity, says Cowen
Cowen analyst Charles Ryhee views the pullback in Teladoc (TDOC) shares as a buying opportunity as he views guidance as conservative. He sees room for upside in 2018 given conservative assumptions around key new starts, particularly FEP and Tricare. He said he sees continued growth in 2019 from CVS (CVS). Ryhee reiterated his Outperform rating and $39 price target on Teladoc shares.
AET Aetna
$184.56

0.35 (0.19%)

01/03/18
PIPR
01/03/18
UPGRADE
Target $207
PIPR
Overweight
Aetna upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Sarah James upgraded Aetna (AET) to Overweight and raised her price target for the shares to $207 from $187. The analyst sees a potential "win-win" scenario surrounding the outcome of the CVS Health (CVS) buyout. If the deal goes through James sees 15% share upside. If the deal does not go through, Aetna is set up for "strong operational performance" with stock appreciation potential of 15% by year end, the analyst contends.
01/05/18
LEER
01/05/18
NO CHANGE
LEER
Leerink views Department of Labor guidance as positive for MCOs
The Department of Labor's guidance yesterday on expanding access to Association health plans could be negative for both acute and behavioral health facilities due to healthcare exchange dis-enrollment into less rich benefit plans, Leerink analyst Ana Gupte tells investors in a research note. The news, however, is positive for large commercial group employer focused managed care organizations such as UnitedHealth (UNH), Anthem (ANTM), Aetna (AET) and Cigna (CI), with limited to no downside for Centene (CNC) and Molina Healthcare (MOH), given their focus on low income exchange members, the analyst adds. She believes WellCare (WCG) will not be impacted. Gupte expects the level of coverage per insured life to deteriorate with the Department of Labor's order as "skinnier and short term health plans that partly circumvent the ten mandated Essential Health Benefits from the Affordable Care Act further reduce utilization."

TODAY'S FREE FLY STORIES

CREE

Cree

$36.69

0.4 (1.10%)

12:54
01/23/18
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PUBGY

Publicis

$17.85

0.03 (0.17%)

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MRK

Merck

$61.67

0.42 (0.69%)

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    Oct

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General news
U.S. corporate bond update: the slate is thin with just a couple of issues »

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BCS

Barclays

$11.68

-0.06 (-0.51%)

12:46
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01/23
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Periodicals
Ex-Barclays banker recorded saying he destroyed key report, Bloomberg says »

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VZ

Verizon

$53.29

-0.16 (-0.30%)

12:43
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Verizon giving 50 shares to employees following tax reform »

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  • 23

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CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

12:42
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Cboe Global Markets recognized in Hong Kong as approved stock exchange »

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  • 09

    Feb

RIG

Transocean

$11.68

-0.25 (-2.10%)

12:40
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01/23
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12:40
Options
Rolling action in Transocean calls »

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GPRO

GoPro

$6.30

0.01 (0.16%)

, JPM

JPMorgan

$114.46

0.13 (0.11%)

12:35
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01/23
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Hot Stocks
GoPro falls after Morgan Stanley downgrade cites limited strategic value »

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GPRO

GoPro

$6.30

0.01 (0.16%)

JPM

JPMorgan

$114.46

0.13 (0.11%)

03/08/13
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  • 01

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    Oct

MET

MetLife

$53.56

-0.29 (-0.54%)

12:31
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01/23
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12:31
Hot Stocks
MetLife issues statement on court decision to dismiss appeal in SIFI litigation »

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  • 01

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    Jun

CVE

Cenovus Energy

$10.43

0.04 (0.38%)

12:30
01/23/18
01/23
12:30
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12:30
Options
Call buyers in Cenovus Energy as shares tick higher »

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UTX

United Technologies

$135.52

0.31 (0.23%)

12:28
01/23/18
01/23
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12:28
Technical Analysis
Technical Earnings Preview: United Technologies in uptrend before news »

The shares have been…

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  • 24

    Jan

AGN

Allergan

$187.32

-0.83 (-0.44%)

12:25
01/23/18
01/23
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Options
Allergan call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

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  • 06

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  • 16

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  • 25

    Mar

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Conference/Events
Leerink healthcare services analysts hold an analyst/industry conference call »

Healthcare Services…

VZ

Verizon

$53.23

-0.235 (-0.44%)

12:22
01/23/18
01/23
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Periodicals
Verizon giving employees 50 shares of restricted stock, CNBC reports »

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  • 23

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CHFN

Charter Financial

$18.13

-0.12 (-0.66%)

12:21
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FOX

21st Century Fox

$36.96

0.7 (1.93%)

, FOXA

21st Century Fox

$37.31

0.66 (1.80%)

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FOX

21st Century Fox

$36.96

0.7 (1.93%)

FOXA

21st Century Fox

$37.31

0.66 (1.80%)

SKYAY

Sky

$55.97

0.72 (1.30%)

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  • 07

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$NSD

NASDAQ Market Internals

12:17
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NFLX

Netflix

$227.58

7.12 (3.23%)

, AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

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Netflix

$227.58

7.12 (3.23%)

AMZN

Amazon.com

$1,327.31

32.73 (2.53%)

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  • 30

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  • 18

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$NYE

NYSE Market Internals

12:16
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HPE

HP Enterprise

$16.46

0.41 (2.55%)

12:15
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Options
Hewlett Packard Enterprise put volume heavy and directionally bearish »

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  • 01

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NFLX

Netflix

$227.58

7.12 (3.23%)

, TRV

Travelers

$145.27

5.92 (4.25%)

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TRV

Travelers

$145.27

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VZ

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$53.31

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JNJ

Johnson & Johnson

$143.58

-4.565 (-3.08%)

PG

Procter & Gamble

$89.11

-2.78 (-3.03%)

TSLA

Tesla

$351.56

1.54 (0.44%)

RMD

ResMed

$103.82

16.306 (18.63%)

WHR

Whirlpool

$171.12

4.47 (2.68%)

TWTR

Twitter

$22.96

-0.36 (-1.54%)

INSM

Insmed

$30.86

1.58 (5.40%)

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UAL

United Continental

$76.96

0.09 (0.12%)

12:07
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Technical Analysis
Technical Earnings Preview: United Continental has a potential bullish pattern »

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  • 23

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    Mar

RHHBY

Roche

$30.79

0.1 (0.33%)

12:05
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Roche subsidiary treatment of gastric cancer granted FDA orphan status »

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  • 01

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SQ

Square

$44.69

-0.6 (-1.32%)

12:05
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Square call volume above normal and directionally bullish »

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  • 26

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