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UNH

UnitedHealth

$255.43

5.11 (2.04%)

, THC

Tenet

$34.57

-0.37 (-1.06%)

18:09
07/18/18
07/18
18:09
07/18/18
18:09

UnitedHealth among suitors eyeing Tenet's Conifer unit, WSJ reports

UnitedHealth (UNH) is among suitors looking into a purchase of Tenet Healthcare's (THC) health-care management subsidiary Conifer Health Solutions, the Wall Street Journal reports, citing people familiar with the matter. Tenet has said it would consider a sale of the business, noting it would make a decision in the first half of 2018, the report notes. It isn't clear what other suitors may exist, according to the Journal. Analysts have estimated that a deal could value Conifer at $2B or more, the report says. Reference Link

UNH

UnitedHealth

$255.43

5.11 (2.04%)

THC

Tenet

$34.57

-0.37 (-1.06%)

  • 07

    Aug

UNH UnitedHealth
$255.43

5.11 (2.04%)

07/18/18
MSCO
07/18/18
NO CHANGE
Target $278
MSCO
Overweight
Morgan Stanley says UnitedHealth drop an overreaction to medical cost ratio miss
Morgan Stanley analyst Zack Sopcak attributes the post-earnings weakness yesterday in shares of UnitedHealth as being driven by the fact that its medical cost ratio of 81.9% missed consensus by about 10 bps. However, he views the move as an overreaction, noting that this was still a 30 bps improvement year-over-year and he views continued wins for OptumRx and positive MA commentary as a plus heading into 2019. Following the report, Sopcak raised his 2018 and 2019 EPS estimates for UnitedHealth and increased his price target to $278 from $277 while maintaining an Overweight rating on the shares.
07/18/18
CANT
07/18/18
NO CHANGE
Target $300
CANT
Overweight
UnitedHealth lower segment margin not concerning, says Cantor Fitzgerald
Cantor Fitzgerald analyst Steven Halper reiterates an Overweight rating on shares of UnitedHealth with a $300 price target following the company's "solid" Q2 results. Although revenue growth "was solid," there may be some investor concern about the UnitedHealthcare segment margin, which declined year-over-year, Halper tells investors in a research note. The company indicated that positive prior-period development was lower than expected, the analyst notes. He says he's "not too concerned about this as medical cost trends remain in line with expectations." Halper believes UnitedHealth is "nicely diversified and should remain a core holding in all large-cap portfolios."
07/17/18
PIPR
07/17/18
NO CHANGE
Target $285
PIPR
Overweight
UnitedHealth selloff today a buying opportunity, says Piper Jaffray
Piper Jaffray analyst Sarah James views the post-earnings selloff today in shares of UnitedHealth as a buying opportunity. The company kicked off Q2 earnings with a "solid" beat and raise and "strong" Optum growth, James tells investors in a research note. Investors are misinterpreting comments on Medicare Advantage, the same comments misinterpreted after the Q2 of 2017 call, James contends. She notes that UnitedHealth indicated an uptick in utilization in MA for new members and those at end of life. Bears will read this as margin compression driven by the company's outsized growth, James writes, but she disagrees. Rather, the analyst thinks the company's risk mix is inline with how the product was priced and that the increased utilization relates to higher engagement and enrollment in medical management. She raised her price target for UnitedHealth shares to $285 from $270 and keeps an Overweight rating on the name.
07/11/18
JEFF
07/11/18
NO CHANGE
Target $74
JEFF
Buy
Teladoc price target raised to $74 from $49 at Jefferies
Jefferies analyst Sean Dodge raised his price target for Teladoc (TDOC) to $74 saying he' "increasingly bullish" following meetings with management. The company's new "Surround Sound" member engagement strategy continues to drive utilization improvements, Dodge tells investors in a research note. Further, the analyst sees potential upside from Teladoc's relationship with UnitedHealth (UNH), which he believes it "set to blossom." Dodge keeps a Buy rating on Teladoc shares.
THC Tenet
$34.57

-0.37 (-1.06%)

06/29/18
06/29/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Rexford Industrial (REXR) downgraded to Neutral from Buy at DA Davidson with analyst Barry Oxford saying over the last 18 month the stock has risen nearly 35%, the most in the industrial group. 2. C&J Energy Services (CJ) downgraded to Market Perform from Outperform at Wells Fargo with analyst Judson Bailey saying Downside risk for completion activity over the next few quarters and negative pricing and demand data points already rolling in for pressure pumping create risk to consensus estimates. 3. Tenet (THC) downgraded to Hold from Buy at Jefferies with analyst Brian Tanquilut saying the stock is fairly valued after rallying 128% year-to-date. 4. Accenture (ACN) downgraded to Neutral from Buy at BofA/Merrill with analyst Jason Kupferberg citing valuation following share outperformance over the past 12 months. 5. Diageo (DEO) downgraded to Market Perform from Outperform at Bernstein with analyst Trevor Stirling saying that while its share price has had a "great" 12 months and he has seen sustained improvements in the same period, "this is almost as good as it gets." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/29/18
JEFF
06/29/18
DOWNGRADE
Target $38
JEFF
Hold
Tenet downgraded to Hold from Buy at Jefferies
Jefferies analyst Brian Tanquilut downgraded Tenet Healthcare to Hold while raising his price target for the shares to $38 from $28. The stock is fairly valued after rallying 128% year-to-date, Tanquilut tells investors in a research note. He believes the shares, at 7.5 times fiscal 2019 EBITDA, adequately reflect Tenet's growth prospects. Meaningful upside is now mostly predicated on the monetization of Conifer at a valuation above 10 times EBITDA, the analyst contends. Further, Tanquilut thinks volume acceleration for hospitals is unlikely due to macro factors.
05/09/18
MZHO
05/09/18
NO CHANGE
Target $35
MZHO
Buy
Tenet price target raised to $35 from $29 at Mizuho
Mizuho analyst Ann Hynes raised her price target for Tenet Healthcare (THC) to $35 as part of her Hospital model updates following the Q1 earnings season. The analyst reiterates a Buy rating on the shares. She also keeps Buy ratings on HCA Healthcare (HCA) and Universal Health (UHS).
05/02/18
LEER
05/02/18
NO CHANGE
Target $40
LEER
Outperform
Tenet price target raised to $40 from $30 at Leerink
Leerink analyst Ana Gupte raised her price target for Tenet to $40 from $30 on increased conviction post Q1 beat and raise. The analyst reiterates an Outperform rating on the shares.

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PINC

Premier

$38.38

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AKAO

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$5.91

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TSLA

Tesla

$305.33

-30.13 (-8.98%)

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  • 29

    Oct

RADA

RADA Electronic

$2.52

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LTBR

Lightbridge

$0.87

0.004 (0.46%)

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AAPL

Apple

$217.65

4.16 (1.95%)

09:05
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09:05
Downgrade
Apple rating change  »

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09:05
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Treasury Action: yields have extended early declines »

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JCP

J.C. Penney

$1.79

0.025 (1.42%)

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ICHR

Ichor Holdings

$21.32

-0.57 (-2.60%)

09:04
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  • 12

    Sep

IVAC

Intevac

$5.03

0.225 (4.69%)

09:03
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Intevac announces $10M expansion of existing $30M share repurchase program »

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BXP

Boston Properties

$132.14

0.5 (0.38%)

09:02
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RICK

RCI Hospitality

$32.61

0.36 (1.12%)

09:02
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GWRE

Guidewire

$95.23

-1.47 (-1.52%)

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  • 22

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AAPL

Apple

$217.65

4.16 (1.95%)

, TSLA

Tesla

$305.33

-30.13 (-8.98%)

08:55
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Options
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AAPL

Apple

$217.65

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TSLA

Tesla

$305.33

-30.13 (-8.98%)

BABA

Alibaba

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FB

Facebook

$173.78

-0.98 (-0.56%)

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PAY

Verifone

$23.04

0.01 (0.04%)

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LQDA

Liquidia Technologies

$14.30

-0.12 (-0.83%)

08:52
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Initiation
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F

Ford

$9.56

0.04 (0.42%)

08:51
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  • 31

    Aug

TNDM

TNDM

, DXCM

DexCom

$130.93

2.61 (2.03%)

08:51
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TNDM

DXCM

DexCom

$130.93

2.61 (2.03%)

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VERI

Veritone

$11.41

0.11 (0.97%)

08:49
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Conference/Events
Veritone to hold a conference call »

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  • 20

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VMC

Vulcan Materials

$110.31

0.46 (0.42%)

08:47
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MLCO

Melco Resorts & Entertainment

$22.08

0.56 (2.60%)

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