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ESRX

Express Scripts

$95.91

0.61 (0.64%)

, CI

Cigna

$210.99

3.09 (1.49%)

15:18
11/21/18
11/21
15:18
11/21/18
15:18

NYDFS to hold hearing on Cigna deal for Express Scripts on December 7

The New York State Department of Financial Services gave notice of a public hearing on the application by Cigna (CI) for approval of acquisition of control of Medco Containment Insurance Company of New York, a subsidiary of Express Scripts (ESRX) to be held at 10:00 am ET on December 7. Reference Link

ESRX

Express Scripts

$95.91

0.61 (0.64%)

CI

Cigna

$210.99

3.09 (1.49%)

ESRX Express Scripts
$95.91

0.61 (0.64%)

11/19/18
LEER
11/19/18
NO CHANGE
Target $260
LEER
Outperform
Cigna price target raised to $260 from $250 at Leerink
Leerink analyst Ana Gupte raised her price target for Cigna (CI) to $260 from $250 as the deal nears approval and Cigna-Express Scripts (ESRX) becomes part of the new Big 5 Integrated MCOPBMs. The analyst reiterates an Outperform rating on Cigna's shares.
11/01/18
RBCM
11/01/18
NO CHANGE
Target $101
RBCM
Outperform
Express Scripts price target raised to $101 from $94 at RBC Capital
RBC Capital analyst George Hill raised his price target on Express Scripts (ESRX) to $101 and kept his Outperform rating after the company posted a "solid" Q3. The analyst notes that investors continue to focus on the company's merger with Cigna (CI) after the combination received a DoJ approval, adding that the price target revision was also set to reflect the current Cigna stock price.
11/01/18
LEER
11/01/18
NO CHANGE
Target $100
LEER
Market Perform
Express Scripts price target raised to $100 from $95 at Leerink
Leerink analyst David Larsen raised his price target for Express Scripts (ESRX) to $100 from $95 after the company reported "good" Q3 results. Following shareholder and DOJ approval on 9/17 for the pending merger with Cigna (CI), the analyst remains confident the deal will close, especially given this quarter's results. The companies continue to believe the deal will be completed by December 31, 2018, he notes. Larsen reiterates a Market Perform rating on Express Scripts' shares.
10/17/18
WELS
10/17/18
NO CHANGE
WELS
Market Perform
Express Scripts decision 'clear negative' for Teva, says Wells Fargo
Express Scripts (ESRX) has announced it is not going to cover Teva's (TEVA) new migraine drug Ajovy, Wells Fargo analyst David Maris tells investors in a research note. The analyst views the decision as a "clear negative" for Teva saying its new migraine drug is its highest profile growth driver. Express Scripts' decision comes as the company is already facing a challenging generic drug market and a cost cutting program, Maris tells investors in a note titled "Continued Caution." He believes today's coverage decision also makes Teva's negotiations with other payors more likely to be challenging as it shows Novartis (NVS) and Lilly (LLY) are "playing and discounting to win." Maris points out that Express Scripts is estimated to cover approximately 100M lives in the U.S. The analyst sees potential downside to Teva's consensus estimates if Express Scripts' coverage decision on Ajovy is repeated with other major payors. He keeps a Market Perform rating on Teva. The stock in morning trading is down 6%, or $1.25, to $21.05.
CI Cigna
$210.99

3.09 (1.49%)

10/12/18
JEFF
10/12/18
DOWNGRADE
JEFF
Hold
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.

TODAY'S FREE FLY STORIES

FDC

First Data

$16.85

-0.41 (-2.38%)

13:20
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  • 03

    Mar

FIXX

Homology Medicines

$24.33

0.43 (1.80%)

13:20
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Conference/Events
Homology Medicines management to meet with BTIG »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/14/18
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Technical Analysis
NASDAQ market internals summary »

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AAPL

Apple

$166.72

-4.21 (-2.46%)

, DHXM

DHX Media

$2.18

0.09 (4.31%)

13:16
12/14/18
12/14
13:16
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13:16
Periodicals
Apple lands deal with DHX Media to produce new Peanuts content, Deadline reports »

Apple (AAPL) has landed a…

AAPL

Apple

$166.72

-4.21 (-2.46%)

DHXM

DHX Media

$2.18

0.09 (4.31%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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13:16
Technical Analysis
NYSE market internals summary »

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TECK

Teck Resources

$22.47

-0.185 (-0.82%)

13:15
12/14/18
12/14
13:15
12/14/18
13:15
Options
Teck Resources put volume heavy and directionally bearish »

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FB

Facebook

$145.70

0.63 (0.43%)

, SNAP

Snap

$5.92

0.035 (0.60%)

13:11
12/14/18
12/14
13:11
12/14/18
13:11
On The Fly
#SocialStocks: Facebook's photo bug, Snap hires new Communications Chief »

Welcome to…

FB

Facebook

$145.70

0.63 (0.43%)

SNAP

Snap

$5.92

0.035 (0.60%)

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13:08
12/14/18
12/14
13:08
12/14/18
13:08
General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 12/14…

COG

Cabot Oil & Gas

$23.38

-0.73 (-3.03%)

13:05
12/14/18
12/14
13:05
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13:05
Options
Cabot Oil & Gas call volume above normal and directionally bullish »

Bullish option flow…

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  • 18

    Dec

BHGE

Baker Hughes

$21.66

-0.38 (-1.72%)

13:03
12/14/18
12/14
13:03
12/14/18
13:03
Hot Stocks
Baker Hughes reports U.S. rig count down 4 to 1,071 rigs »

Baker Hughes reports that…

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  • 18

    Dec

JNJ

Johnson & Johnson

$134.33

-13.475 (-9.12%)

12:56
12/14/18
12/14
12:56
12/14/18
12:56
Periodicals
Breaking Periodicals news story on Johnson & Johnson »

Johnson & Johnson to…

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MO

Altria Group

$52.80

-1.11 (-2.06%)

12:55
12/14/18
12/14
12:55
12/14/18
12:55
Options
Altria Group put volume heavy and directionally bearish »

Bearish flow noted in…

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FDX

FedEx

$187.13

-0.08 (-0.04%)

, UPS

UPS

$98.70

-2.07 (-2.05%)

12:55
12/14/18
12/14
12:55
12/14/18
12:55
Conference/Events
UBS services analyst to hold an analyst/industry conference call »

Services Analyst Wadewitz…

FDX

FedEx

$187.13

-0.08 (-0.04%)

UPS

UPS

$98.70

-2.07 (-2.05%)

03/08/13
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  • 14

    Dec

12:47
12/14/18
12/14
12:47
12/14/18
12:47
Conference/Events
CFTC to hold a podcast on 2018 and 2019 »

Daniel Gorfine, the…

D

Dominion

$76.38

0.35 (0.46%)

12:46
12/14/18
12/14
12:46
12/14/18
12:46
Hot Stocks
Dominion board increases 2019 dividend 10% to $3.67 per share »

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KORS

Michael Kors

$38.09

0.6 (1.60%)

12:45
12/14/18
12/14
12:45
12/14/18
12:45
Options
Michael Kors call volume above normal and directionally bullish »

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12:45
12/14/18
12/14
12:45
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General news
U.S. equities remain upwardly challenged »

U.S. equities remain…

12:45
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General news
Breaking General news story  »

Week of 12/14…

VLKAY

Volkswagen

$0.00

(0.00%)

, F

Ford

$8.60

0.095 (1.12%)

12:43
12/14/18
12/14
12:43
12/14/18
12:43
Periodicals
VW, Ford cooperation talks moving forward, Reuters says »

Volkswagen's (VLKAY)…

VLKAY

Volkswagen

$0.00

(0.00%)

F

Ford

$8.60

0.095 (1.12%)

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  • 23

    Jan

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    Jul

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    Oct

PNC

PNC Financial

$119.66

-0.25 (-0.21%)

12:43
12/14/18
12/14
12:43
12/14/18
12:43
Syndicate
Breaking Syndicate news story on PNC Financial »

PNC Financial files…

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  • 16

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  • 12

    Apr

  • 17

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    Oct

TRGP

Targa Resources

$42.36

-1.88 (-4.25%)

12:35
12/14/18
12/14
12:35
12/14/18
12:35
Options
Targa Resources put volume heavy and directionally bearish »

Bearish flow noted in…

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JNJ

Johnson & Johnson

$133.15

-14.65 (-9.91%)

12:34
12/14/18
12/14
12:34
12/14/18
12:34
Recommendations
Johnson & Johnson analyst commentary  »

BMO Capital…

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JNJ

Johnson & Johnson

$133.37

-14.43 (-9.76%)

12:31
12/14/18
12/14
12:31
12/14/18
12:31
Recommendations
Johnson & Johnson analyst commentary  »

Johnson & Johnson…

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CHK

Chesapeake

$2.39

-0.19 (-7.36%)

12:20
12/14/18
12/14
12:20
12/14/18
12:20
Options
Ratio put spread in Chesapeake as shares drop 7.3% and fall to 52-week lows »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
12/14/18
12/14
12:17
12/14/18
12:17
Technical Analysis
NASDAQ market internals summary »

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