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CVS

CVS Health

$63.41

-0.59 (-0.92%)

, AET

Aetna

$173.40

0.12 (0.07%)

10:31
04/13/18
04/13
10:31
04/13/18
10:31

CVS hires new chief medical officer for MinuteClinics, CNBC reports

CVS Health (CVS), which is in the process of acquiring health insurer Aetna (AET), has hired Marc-David Munk away from Iora Health to be chief medical officer for the chain's MinuteClinic walk-in clinics business, according to CNBC. Reference Link

CVS

CVS Health

$63.41

-0.59 (-0.92%)

AET

Aetna

$173.40

0.12 (0.07%)

  • 16

    Apr

  • 30

    May

CVS CVS Health
$63.41

-0.59 (-0.92%)

04/02/18
LEER
04/02/18
NO CHANGE
LEER
Possible Humana/Walmart deal transformational for U.S. seniors market, says Leerink
Leerink analyst Ana Gupte sees the possible Humana (HUM)-Walmart (WMT) deal as transformational for the U.S. Seniors market and estimates the deal value at close to $50B. The analyst also believes the deal helps Humana compete more effectively with UnitedHealth (UNH)/Optum and Aetna (AET)-CVS (CVS), while Walmart can also compete with Amazon (AMZN) that is eroding sales and likely eyeing an entry into the Prescription Rx market. Gupte expects the anti-trust scrutiny of three deals Aetna-CVS, Cigna (CI)-Express Scripts (ESRX) and Humana-Walmart by the DOJ will be more challenged under simultaneous review by the DOJ, though Walmart and Humana have the least anti-competitive issues. Humana-Walmart could catalyze a counter-offer for Cigna from Walgreens Boots Alliance (WBA) or even Amazon, or re-invigorate Walgreens-AmerisourceBergen (ABC) talks, she contends.
04/02/18
MSCO
04/02/18
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says may make sense for Walmart to play bigger role in healthcare
Morgan Stanley analyst Simeon Gutman estimates Walmart (WMT) generates about $20B in pharmacy sales annually, which he believes makes it the third largest U.S. pharmacy provider behind CVS (CVS) and Walgreens (WBA). Following a report from The Wall Street Journal that the company and Humana (HUM) were in merger talks, and subsequent reports from Reuters and Bloomberg that the two may only be discussing a broader partnership instead of a buyout deal, Gutman said that consolidation of other retailers and healthcare providers could put Walmart at a disadvantage and he believes it may make sense for Walmart to play a larger role in healthcare. He maintains an Equal Weight rating on Walmart shares.
04/05/18
CHLM
04/05/18
NO CHANGE
Target $30
CHLM
Hold
CVS focusing on home dialysis positive for NxStage Medical, says Craig-Hallum
Craig-Hallum analyst Kevin Ellich notes that CVS Health (CVS) announced an initiative to improve patient outcomes for chronic kidney disease and dialysis. The analyst believes that a company of CVS Health's size and stature focusing on home dialysis and specifically home hemodialysis is a positive for NxStage Medical (NXTM) since it is the market leader with a huge head start. While there could be concerns about price competition if and when CVS Health is able to get a home hemodialysis device to market, NxStage Medical will have its next generation products to market, as well as a peritoneal dialysis machine, he contends, adding that he thinks the market opportunity will be much larger. Ellich reiterates a Hold rating and $30 price target on NxStage Medical's shares.
04/10/18
LEER
04/10/18
NO CHANGE
Target $85
LEER
Outperform
CVS drug trend report highlights value of PBM model, says Leerink
Leerink analyst David Larsen notes that CVS recently published its 2017 drug trend report, and reported good performance, posting total drug trend of +1.9%. In his view, this trend which is a five-year low, and the 0.2% reported drug price growth, is evidence that the PBM business model delivers significant value to clients. The analyst is generally positive on the PBM business model, and despite constant "noise" around transparency and drug costs, he believes the proof is in the trend. Larsen reiterates an Outperform rating and $85 price target on the shares.
AET Aetna
$173.40

0.12 (0.07%)

02/01/18
02/01/18
DOWNGRADE
Target $69

Underperform
Express Scripts downgraded to Underperform at Bernstein
As previously reported, Bernstein analyst Lance Wilkes downgraded Express Scripts to Underperform from Market Perform, with a $69 price target, as he believes tax reform is fully price in and his original concerns on the standalone PBM model remain. Further, the analyst sees additional risks from a potential CVS (CVS)/Aetna (AET) merger and Amazon (AMZN) threats.
04/03/18
RBCM
04/03/18
NO CHANGE
RBCM
Final Medicare Advantage rate better than expected, says RBC Capital
The Centers for Medicare and Medicaid Services' final notice for 2019 Medicare Advantage plans provides a 3.40% net increase in capitation rates and finalizes expanded coverage for non-skilled home health, along with other proposals, RBC analyst Frank Morgan tells investors in a research note. He believes the payment updates should be viewed positively for Managed Care stocks, and the expanded coverage of in-home services is a positive for Home Health stocks. Managed Care stocks include Aetna (AET), Anthem (ANTM), Humana (HUM) and UnitedHealth (UNH). Home Health stocks include LHC Group (LHCG) and Amedisys (AMED). Morgan notes that both companies have "built out significant personal care platforms."
04/11/18
WELS
04/11/18
NO CHANGE
WELS
Centene contract win in Pennsylvania looks set to be rebid, says Wells Fargo
Wells Fargo analyst Peter Costa said he believes the Pennsylvania Commonwealth Court ruled on the side of UnitedHealth (UNH) that the state Department of Human Services violated the state's procurement code when it had previously awarded a Medicaid contract to Centene (CNC). Given this ruling, Costa thinks the state will have to start the procurement process for the third time. He views the court ruling as a modest positive for UnitedHealth and Aetna (AET) and a modest negative for Centene (CNC), though he also noted that this win was not in Centene's 2018 guidance. Costa has Outperform ratings on all three stocks mentioned.

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ONDK

On Deck Capital

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Intuitive Surgical

$521.30

-6.37 (-1.21%)

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Intuitive Surgical says still awaiting initial China quota »

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Intuitive Surgical

$521.30

-6.37 (-1.21%)

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Intuitive Surgical receives FDA clearance for Vessel Sealer Extend »

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TWTR

Twitter

$43.43

0.09 (0.21%)

17:10
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Twitter appoints Ngozi Okonjo-Iweala, Robert Zoellick to board »

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BA

Boeing

$355.49

-4.74 (-1.32%)

17:08
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17:08
Hot Stocks
Boeing awarded $181.3M U.S. Army contract »

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STT

State Street

$92.84

-2.505 (-2.63%)

17:03
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17:03
Hot Stocks
State Street raises quarterly dividend 12% to 47c from 42c per share »

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IQ

iQIYI

$32.60

-3.36 (-9.34%)

17:01
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17:01
Hot Stocks
iQIYI launches upgrade of reading apps »

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BTU

Peabody Energy

$44.10

-0.6 (-1.34%)

17:01
07/19/18
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17:01
Hot Stocks
Peabody Energy raises quarterly dividend 10% to 12.5c per share »

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ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

16:59
07/19/18
07/19
16:59
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16:59
Hot Stocks
Intuitive Surgical raises FY18 procedure growth view to 14.5%-16.5% from 12%-15% »

Still sees FY18 gross…

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WKHS

Workhorse Group

$1.49

(0.00%)

16:58
07/19/18
07/19
16:58
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16:58
Hot Stocks
Arosa Capital reports 9.99% stake in Workhorse Group »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$279.95

-1.09 (-0.39%)

16:58
07/19/18
07/19
16:58
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16:58
Hot Stocks
Trump to invite Putin to White House for fall visit »

White House press…

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S&P 500

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(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.95

-1.09 (-0.39%)

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DFS

Discover

$71.52

-0.57 (-0.79%)

16:56
07/19/18
07/19
16:56
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16:56
Hot Stocks
Discover announces new $3B share repurchase plan, raises dividend to 40c »

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DFS

Discover

$71.52

-0.57 (-0.79%)

16:55
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Breaking Hot Stocks news story on Discover »

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16:55
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Conference/Events
Stephens business services analyst to hold a dinner meeting »

Business Services Analyst…

WAL

Western Alliance

$58.12

-0.35 (-0.60%)

16:52
07/19/18
07/19
16:52
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16:52
Earnings
Western Alliance reports Q2 EPS 99c, consensus 98c »

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JAZZ

Jazz Pharmaceuticals

$177.06

1.12 (0.64%)

16:47
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JCO publishes pivotal Phase 3 data for Jazz Pharmaceuticals' Vyxeos »

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ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

16:47
07/19/18
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Hot Stocks
Intuitive Surgical says U.S. showed particular strength »

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NAVB

Navidea

$0.21

-0.0011 (-0.51%)

16:45
07/19/18
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Conference/Events
Navidea to host business news update conference call »

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  • 19

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NGVT

Ingevity

$90.05

0.07 (0.08%)

16:42
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Ingevity files suit against BASF for infringing on canister systems patent »

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PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

16:40
07/19/18
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Breaking Hot Stocks news story on PTC Therapeutics »

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AEHR

Aehr Test Systems

$2.81

0.13 (4.85%)

16:38
07/19/18
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16:38
Earnings
Aehr Test Systems reports Q4 EPS 2c vs. (3c) in Q417 »

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  • 19

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BANF

BancFirst

$62.05

0.2 (0.32%)

16:35
07/19/18
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16:35
Earnings
BancFirst reports Q2 EPS 91c, consensus 85c »

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ENFC

Entegra Financial

$30.15

0.05 (0.17%)

16:34
07/19/18
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Earnings
Entegra Financial reports Q2 core EPS 53c, consensus 56c »

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  • 20

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GBCI

Glacier Bancorp

$40.38

0.12 (0.30%)

16:33
07/19/18
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16:33
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16:33
Earnings
Glacier Bancorp reports Q2 EPS 52c, consensus 53c »

The current quarter…

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  • 20

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STXB

Spirit of Texas Bancshares

$20.45

0.12 (0.59%)

16:33
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Spirit of Texas Bancshares to acquire Comanche National Corporation »

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