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ANTM

Anthem

$265.56

-8.62 (-3.14%)

, GOOG

Alphabet

$1,049.76

-57.24 (-5.17%)

06:17
10/25/18
10/25
06:17
10/25/18
06:17

Anthem hires Google's former head of search products to run AI group, CNBC says

Health insurance giant Anthem (ANTM) has hired Udi Manber, who previously ran engineering for Google's (GOOG, GOOGL) core search products and held senior roles at Yahoo and Amazon (AMZN), as head of artificial intelligence, CNBC reports, citing people familiar with the matter. Manber, who will be responsible for running the AI group at Anthem and is expected to build out a team, is the latest technologist to make the move into health insurance, an industry that is implementing digital tools and data science to control costs and improve coverage.Reference Link

ANTM

Anthem

$265.56

-8.62 (-3.14%)

GOOG

Alphabet

$1,049.76

-57.24 (-5.17%)

GOOGL

Alphabet Class A

$1,056.00

-63 (-5.63%)

AMZN

Amazon.com

$1,664.20

-113.91 (-6.41%)

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ANTM Anthem
$265.56

-8.62 (-3.14%)

09/17/18
COWN
09/17/18
INITIATION
Target $318
COWN
Outperform
Anthem initiated with an Outperform at Cowen
Cowen analyst Charles Ryhee initiated Anthem with an Outperform rating citing its unique dominant position in most of its markets because of the Blue Cross/Blue Shield brand. This affords it flexibility to build out its own PBM and pursue a more partnership-based provider strategy, said Ryhee, who has a $318 price target on Anthem shares.
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.
10/02/18
LEER
10/02/18
NO CHANGE
LEER
Outperform
Intersect ENT's Sinuva reimbursement policies 'steps in right direction,' says Leerink
Leerink analyst Richard Newitter reiterates an Outperform rating on Intersect ENT following some positive progress on the reimbursement front for Sinuva in the last several weeks, namely Aetna (AET) covering Sinuva and Anthem (ATNM) adding it to its formulary this past week. The analyst believes these positive coverage policies represent steps in the right direction to a potentially quicker and more consistent reimbursement process using the specialty pharmacy channel, an area where the company has faced some challenges.
09/20/18
LEER
09/20/18
NO CHANGE
Target $250
LEER
Outperform
Cigna price target raised to $250 from $235 at Leerink
Leerink analyst Ana Gupte raised her price target on Outperform-rated Cigna (CI) to $250 from $235 following meetings with a panel of PBM and Specialty Rx specialists, which increased her bullishness on Cigna and Market Perform-rated Express Scripts (ESRX). In a research note to investors, Gupte says she also came away with raised confidence on the achiveability of the $4B annual drug cost savings from the Express Scripts switch by Anthem (ANTM) to IngenioRx in partnership with CVS (CVS). She adds that smaller independent PBMs still have niche opportunities with smaller regional third-party health plans, noting that Magellan Health (MGLN) is well positioned in this market, though loss of substantial business in Florida Seriously Mentally Ill is a headwind in Rx as well.
GOOG Alphabet
$1,049.76

-57.24 (-5.17%)

10/23/18
KEYB
10/23/18
NO CHANGE
KEYB
KeyBanc expecting 'strong' results from Facebook, Alphabet in Q3
KeyBanc analyst Andy Hargreaves expects "strong" results from Facebook (FB)/Alphabet (GOOGL) in the Q3, with a likelihood for in line results from Twitter (TWTR) and Criteo (CRTO). The analyst says checks suggest advertiser demand for Facebook and Google properties remained strong in Q3 despite regulatory concerns. This is in contrast to generally weak sentiment across the space, he notes, which makes the risk/reward on Facebook, Alphabet, and Criteo positive.
10/23/18
DBAB
10/23/18
NO CHANGE
Target $1375
DBAB
Buy
Alphabet price target raised to $1,375 from $1,350 at Deutsche Bank
Deutsche Bank analyst Lloyd Walmsley raised his price target for Alphabet to $1,375 ahead of the company's Q3 results and keeps a Buy rating on the shares. A continued recovery at YouTube and strength in mobile should drive Google Sites revenue growth excluding currency to 22.9%, "only a hair slower" than Q2 on "slightly harder comps," Walmsley tells investors in a research note. The analyst sees Alphabet reporting "solid" results and he keeps a Buy rating on the shares.
10/17/18
WEDB
10/17/18
INITIATION
Target $1350
WEDB
Outperform
Wedbush starts 'ad king' Alphabet with Outperform, $1,350 price target
Wedbush analyst Michael Pachter initiated coverage of Alphabet (GOOGL) with an Outperform rating and $1,350 price target. In a research note titled "Long Live the Ad King," Pachter says he expects Google to "maintain positive ad momentum" even amidst pressure from Facebook (FB) and Amazon.com (AMZN). The analyst also thinks cost control efforts will drive better than expected Q3 results when Alphabet reports on October 25.
10/18/18
10/18/18
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. Alphabet (GOOG, GOOGL) initiated with an Outperform at Wedbush. 2. BJ's Wholesale (BJ) initiated with a Perform at Oppenheimer. 3. Comcast (CMCSA) initiated with an Outperform at Evercore ISI. 4. Thomson Reuters (TRI) reinstated with a Neutral at Goldman Sachs. 5. Atomera (ATOM) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GOOGL Alphabet Class A
$1,056.00

-63 (-5.63%)

10/19/18
FBCO
10/19/18
NO CHANGE
Target $1500
FBCO
Outperform
Alphabet price target raised to $1500 from $1375 at Credit Suisse
Credit Suisse analyst Stephen Ju reiterated an Outperform rating on Alphabet and raised his price target to $1,500 from $1,375 ahead of the company's Q3 results on October 25. Near term, Ju tells investors in a research note that advertiser checks suggest a positive ad budget and spend environment with only modest deceleration for search and ongoing YouTube acceleration. As for Google's proposal to comply with the EU's requirements for Android bundling, Ju does not anticipate a change from the status quo as he expects the majority of handset manufacturers to voluntarily bundle Google's apps versus electing to either lose market share or take on the cost of OS/app development.
AMZN Amazon.com
$1,664.20

-113.91 (-6.41%)

10/23/18
WEDB
10/23/18
NO CHANGE
Target $2100
WEDB
Outperform
Wedbush expecting Q3 upside as Amazon 'goes from strength to strength'
Wedbush analyst Michael Pachter believes Amazon can deliver substantial earnings over the long term by growing spending more slowly than revenues. Amazon Web Services, Fulfillment by Amazon, and ads should drive steady margin growth, with Prime driving overall retail revenue growth, he adds. The analyst expects Q3 top-line upside driven by a record-breaking Prime Day, Amazon Web Services, Whole Foods Market, and advertising services momentum. Pachter reiterates an Outperform rating and $2,100 price target.
10/23/18
WEDB
10/23/18
NO CHANGE
Target $140
WEDB
Outperform
Shift to cloud 'significantly' benefiting Microsoft, says Wedbush
Wedbush analyst Daniel Ives notes Microsoft (MSFT) will be reporting its Q1 results this week and expects Nadella & Co. to post another solid beat on both the top and bottom line as cloud strength on Azure and Office 365 continues to be the fuel in the tank, with strong field checks indicating the company could beat commercial cloud expectations by 3%-5%. While the massive secular shift to the cloud is a "two horse race" between Amazon (AMZN) and Microsoft, the analyst is seeing a clear inflection point in the field as more enterprises and government agencies make this transformational move to a hybrid cloud architecture with Redmond making a major partner push on the SMB front. Ives believes the shift to cloud is a major secular trend that is "significantly" benefiting Microsoft in the field as a key tailwind and should continue its momentum heading into FY2019. Ives reiterates an Outperform rating and $140 price target on Microsoft's shares.
10/23/18
JEFF
10/23/18
NO CHANGE
Target $2260
JEFF
Buy
Amazon.com price target lowered to $2,260 from $2,350 at Jefferies
Jefferies analyst Brent Thill lowered his price target for Amazon.com to $2,260 from $2,350 after "taking a stab at" quantifying the impact from the company's minimum wage hike and a proposed U.S. Postal rate increase for 2019. The analyst says he tried to keep his estimates "on the conservative side" given the "limited visibility into many of the variables involved." With that said, Thill concluded that the cumulative impact should be close to $2.2B in 2019 and represent ~1% of Amazon's combined cost of goods sold and operating expenses for the year. He keeps a Buy rating on Amazon.
10/23/18
KEYB
10/23/18
NO CHANGE
KEYB
Sector Weight
Q3 should be a 'solid' quarter for Amazon, says KeyBanc
KeyBanc analyst Edward Yruma believes Q3 should be a "solid" quarter for Amazon. Comparisons have gotten a bit tougher since Amazon is now cycling the Whole Foods acquisition and Q2 likely received some benefit from a late spring, he contends. Similar to 1H, the analyst thinks advertising likely remained a driver to margin. For AWS, Yruma remains confident that revenue is poised to double to $46B by 2020. He reiterates a Sector Weight rating on the shares.

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