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MOH

Molina Healthcare

$138.86

0.34 (0.25%)

, UNH

UnitedHealth

$257.26

-6.21 (-2.36%)

07:13
10/12/18
10/12
07:13
10/12/18
07:13

Molina Healthcare downgraded to Hold on valuation at Jefferies

Jefferies analyst David Windley downgraded Molina Healthcare (MOH) to Hold with an unchanged price target of $152. The downgrade is based mostly on valuation as the company has pulled forward "significant earnings power faster than expected" and appreciated 80% year-to-date, Windley tells investors in a research note. The analyst, however, remains constructive on Managed Care fundamentals with a bias to own diversified insurers. He likes we like UnitedHealth's (UNH) Q4 set-up and also believe Cigna's (CI) multiple can expand.

MOH

Molina Healthcare

$138.86

0.34 (0.25%)

UNH

UnitedHealth

$257.26

-6.21 (-2.36%)

CI

Cigna

$206.01

-3.89 (-1.85%)

  • 16

    Oct

  • 01

    Nov

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    Nov

MOH Molina Healthcare
$138.86

0.34 (0.25%)

10/09/18
EVER
10/09/18
INITIATION
Target $158
EVER
In Line
Molina Healthcare initiated with an In Line at Evercore ISI
Evercore ISI initiated Molina Healthcare with an In Line and $158 price target.
10/03/18
LEER
10/03/18
NO CHANGE
LEER
Upcoming midterm elections to act as key catalyst driving healthcare, says Leerink
Leerink analyst Ana Gupte expects the upcoming midterm elections to act as a key catalyst driving healthcare. This midterm has the potential for even more impact given the 2020 Presidential election could even lead to a Democratic supermajority, she contends. Gupte sees the most upside opportunity in Managed Medicaid stocks, such as Centene (CNC) and Molina Healthcare (MOH), and for Facilities names like HCA Healthcare (HCA) with a Blue Wave increasing Red state Medicaid expansions. Medicare Advantage with Humana (HUM) as the flagship name is her contrarian election pick. The analyst recommends buying Diversified MCOs with captive PBMs like UnitedHealth (UNH)/Optum [OP], Anthem (ANTM)/Ingenio Rx, and Cigna (CI)/Express Scripts (ESRX) under all scenarios.
09/26/18
PIPR
09/26/18
NO CHANGE
Target $165
PIPR
Overweight
Molina Healthcare price target raised to $165 from $134 at Piper Jaffray
Piper Jaffray analyst Sarah James raised her price target for Molina Healthcare to $165 and keeps an Overweight rating on the shares. Puerto Rico finalized the auto assignment process for the $2.2B contract starting November 1, and while Molina is is not confirming the impact, the analyst believes it could be a $150M revenue headwind for the company. Nonetheless, James feels confident in the company's Q3 results. She believes much of the turnaround success demonstrated in Q2 "will continue to have lasting impacts such as network design and contracting and admin. efficiency."
10/12/18
JEFF
10/12/18
DOWNGRADE
Target $152
JEFF
Hold
Molina Healthcare downgraded to Hold from Buy at Jefferies
Jefferies analyst David Windley downgraded Molina Healthcare to Hold with an unchanged price target of $152.
UNH UnitedHealth
$257.26

-6.21 (-2.36%)

09/17/18
COWN
09/17/18
INITIATION
Target $240
COWN
Outperform
Cigna initiated with an Outperform at Cowen
Cowen analyst Charles Ryhee initiated Cigna (CI) with an Outperform rating as he believes the market does not appreciate the long-term strategic value of Express Scripts (ESRX), overly discounting its value when compared to OptumRx with UnitedHealth (UNH). Ryhee has a $240 price target on Cigna shares.
09/17/18
COWN
09/17/18
INITIATION
Target $308
COWN
Outperform
UnitedHealth initiated with an Outperform at Cowen
Cowen analyst Charles Ryhee initiated UnitedHealth with an Outperform rating as he believes it is best positioned among its peer group over the near and long-term. He expects its strong position in Medicare Advantage to fuel growth as its overall market penetration increases. Ryhee has a $308 price target on UnitedHealth shares.
10/03/18
JEFF
10/03/18
NO CHANGE
Target $311
JEFF
Buy
UnitedHealth price target raised to $311 from $292 at Jefferies
Jefferies analyst David Windley raised his price target for UnitedHealth Group to $311 following a "deep dive analysis." The analyst sees an attractive risk/reward profile and reiterates a Buy rating on the shares. UnitedHealth has an "abundance" of organic and inorganic opportunities that support low-to-mid teens earnings growth over the next three-to-five years, Windley tells investors in a research note. His "base case" one-year total return is 16%, reflecting above consensus 2020 earnings estimates.
CI Cigna
$206.01

-3.89 (-1.85%)

10/03/18
GSCO
10/03/18
UPGRADE
Target $250
GSCO
Conviction Buy
Cigna upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Stephen Tanal added Buy-rated Cigna (CI) to his firm's Conviction List and raised his price target for the shares to $250 from $227. After revisiting the company's fundamental story, the analyst continues to believe Cigna is well positioned to take share of the U.S. commercial market. He believes fundamentals support a higher standalone multiple. Further, while not taking a view on the Express Scripts (ESRX) deal closing, Tanal believes the combined company could reach its targeted leverage ratio earlier than expected.
09/27/18
09/27/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Apple (AAPL) initiated with an Overweight at JPMorgan. 2. UPS (UPS) initiated with a Sector Weight at KeyBanc. 3. Cigna (CI) initiated with an Overweight at Cantor Fitzgerald. 4. Restoration Robotics (HAIR) initiated with an Outperform at William Blair. 5. Alpine Immune Sciences (ALPN) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/18
10/03/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. HSBC CUTS NIKE TO HOLD: HSBC analyst Erwan Rambourg downgraded Nike (NKE) to Hold from Buy and kept his $92 price target on shares. The analyst noted that while the company's Q1 results were strong and the outlook "remains rock solid", the company's valuation multiple of 30-times forward earnings may weigh on the stock. EVERCORE CUTS ORACLE TO IN LINE: Evercore ISI analyst Kirk Materne downgraded Oracle (ORCL) to In Line from Outperform with a price target of $53 to reflect the update of his model into FY20. The analyst noted that even though growth is expected to accelerate modestly in the second half of this year, there are not enough catalysts for share to "meaningfully re-rate" from current levels, adding that the risk-reward appears balanced following this summer's rally. CIGNA BOOSTED TO CONVICTION BUY AT GOLDMAN: Goldman Sachs analyst Stephen Tanal added Buy-rated Cigna (CI) to his firm's Conviction List and raised his price target for the shares to $250 from $227. After revisiting the company's fundamental story, the analyst continues to believe Cigna is well positioned to take share of the U.S. commercial market. He believes fundamentals support a higher standalone multiple. CREDIT SUISSE DOWNGRADES HI-CRUSH, COVIA: Credit Suisse analyst Jim Wicklund downgraded Hi-Crush Partners (HCLP) to Neutral from Outperform and Covia (CVIA) to Underperform from Neutral. The analyst noted that the weakness that has rippled through the frack sand subsector since August came sooner than he expected. The ferocity of price competition, based on commentary from the sand companies in addition to their OFS and E&P customers, is also greater than he had expected, he added. In late morning trading, Hi-Crush was down almost 2%, while Covia was down just over 4%. GOLDMAN RAISES ALIBABA'S PRICE TARGET: Goldman Sachs analyst Piyush Mubayi reiterated a Buy rating on Alibaba (BABA) and raised his price target to $247 from $241. The analyst predicts strong growth in the cloud computing and financial businesses for the company, and expects Alibaba to continue to invest for future growth on "multiple fronts," including retailing, digital advertising and entertainment, which he believes will be a total addressable market of about RMB80T by the end of 2020.

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PYPL

PayPal

06:44
10/19/18
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06:44
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TRV

Travelers

$125.08

-1.39 (-1.10%)

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F

Ford

$8.51

-0.255 (-2.91%)

06:41
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VIVHY

Vivendi

$0.00

(0.00%)

, TI

Telecom Italia

$5.89

-0.05 (-0.84%)

06:41
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Periodicals
Vivendi denies wanting four more members on Telecom Italia's board, Reuters says »

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Vivendi

$0.00

(0.00%)

TI

Telecom Italia

$5.89

-0.05 (-0.84%)

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FB

Facebook

$154.95

-4.51 (-2.83%)

06:39
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Periodicals
Facebook's election 'war room' ready for midterms, Business Insider says »

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ROKU

Roku

$56.99

-3.92 (-6.44%)

06:38
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AEO

American Eagle

$20.94

-0.54 (-2.51%)

06:38
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HON

Honeywell

$155.22

-2.73 (-1.73%)

06:37
10/19/18
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06:37
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Earnings
Honeywell lowers FY18 adj. EPS view to $7.95-$8.00 from $8.10-$8.20 »

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SYNH

Syneos Health

$45.94

-0.65 (-1.40%)

06:37
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AMZN

Amazon.com

$1,771.45

-61.36 (-3.35%)

06:36
10/19/18
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06:36
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06:36
Periodicals
Amazon revisits some cities as HQ2 decision looms, WSJ reports »

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MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

, PBR

Petrobras

$15.33

-0.73 (-4.55%)

06:35
10/19/18
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06:35
Upgrade
Murphy Oil, Petrobras rating change  »

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MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

PBR

Petrobras

$15.33

-0.73 (-4.55%)

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  • 08

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SYF

Synchrony

$29.63

-0.45 (-1.50%)

06:34
10/19/18
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06:34
10/19/18
06:34
Hot Stocks
Synchrony CEO says 'we generated strong results this quarter' »

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CFG

Citizens Financial

$34.92

-0.96 (-2.68%)

06:33
10/19/18
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06:33
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06:33
Earnings
Citizens Financial reports Q3 EPS 91c, consensus 90c »

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  • 19

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MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:33
10/19/18
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06:33
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06:33
Hot Stocks
Mobile Mini CEO says the pipeline in North America looks healthy »

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  • 19

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MRO

Marathon Oil

$20.55

-0.33 (-1.58%)

06:33
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  • 08

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HON

Honeywell

$155.22

-2.73 (-1.73%)

06:32
10/19/18
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Earnings
Honeywell reports Q3 adj. EPS $2.03, consensus $1.99 »

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MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:32
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Earnings
Mobile Mini reports Q3 adjusted EPS 42c, consensus 41c »

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WTFC

Wintrust Financial

$79.79

-4.06 (-4.84%)

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BX

Blackstone

$35.27

-0.79 (-2.19%)

06:31
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REPYY

Repsol

$0.00

(0.00%)

06:31
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SYF

Synchrony

$29.63

-0.45 (-1.50%)

06:31
10/19/18
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06:31
Earnings
Synchrony reports Q3 EPS 91c, consensus 80c »

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SMCI

Super Micro Computer

$0.00

(0.00%)

06:31
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06:31
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AA

Alcoa

$38.85

2.14 (5.83%)

, CENX

Century Aluminum

$9.91

-0.23 (-2.27%)

06:25
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United States wants WTO panel to resolve matals tariff dispute, Reuters says »

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AA

Alcoa

$38.85

2.14 (5.83%)

CENX

Century Aluminum

$9.91

-0.23 (-2.27%)

X

U.S. Steel

$27.91

-0.27 (-0.96%)

NUE

Nucor

$58.26

-0.85 (-1.44%)

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CPB

Campbell Soup

$36.67

0.35 (0.96%)

, TPRE

Third Point Reinsurance

$11.40

-0.3 (-2.56%)

06:24
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Periodicals
Campbell Soup CEO sees no room for concessions to Third Point, Reuters reports »

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CPB

Campbell Soup

$36.67

0.35 (0.96%)

TPRE

Third Point Reinsurance

$11.40

-0.3 (-2.56%)

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PYPL

PayPal

$77.50

-2.61 (-3.26%)

06:22
10/19/18
10/19
06:22
10/19/18
06:22
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PayPal analyst commentary  »

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