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CI

Cigna

$192.93

0.83 (0.43%)

, ESRX

Express Scripts

$95.33

0.31 (0.33%)

10:44
12/19/18
12/19
10:44
12/19/18
10:44

Cigna, Express Scripts receive approval from state of NJ for merger transaction

In a regulatory filing, Cigna (CI) said it and Express Scripts (ESRX) received regulatory approval on December 18 from the State of New Jersey for their merger transaction. All required regulatory approvals now have been received and the parties expect to close the transaction on December 20, 2018, subject to the satisfaction of all other closing conditions.

CI

Cigna

$192.93

0.83 (0.43%)

ESRX

Express Scripts

$95.33

0.31 (0.33%)

  • 10

    Jan

CI Cigna
$192.93

0.83 (0.43%)

12/18/18
BOFA
12/18/18
NO CHANGE
BOFA
Cigna, IHS Markit added to US 1 List, Humana removed at BofA/Merrill
12/13/18
MSCO
12/13/18
INITIATION
Target $304
MSCO
Overweight
Cigna resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Zack Sopcak resumed coverage of Cigna with an Overweight rating and $304 price target, stating that he views the Express Scripts deal as less of a vertical integration play and more of a "basic building block for future transformative growth." The risks to Express Scripts execution are more headline than operational, contends Sopcak, who projects Cigna earnings above $21 in 2021, which he notes is above management's stated target.
11/27/18
BMOC
11/27/18
NO CHANGE
Target $310
BMOC
Outperform
Talks with UnitedHealth CFO boosted confidence in its outlook, says BMO Capital
BMO Capital analyst Matt Borsch kept his Outperform rating and $310 price target on UnitedHealth (UNH) after hosting its CFO John Rex and Medicaid Division chief Heather Cianfrocco. The analyst says the discussion helped to "boost his confidence in a strong multi-year growth outlook" for the company thanks to its "improved performance in the Medicaid business, unmatched execution track record and clear competitive advantage over others". Borsch believes that the advantage of UnitedHealth over Aetna (AET) and Cigna (CI) is unlikely to be eroded in the near term, as those competitors devote their focus toward large merger integration.
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.
ESRX Express Scripts
$95.33

0.31 (0.33%)

12/18/18
RBCM
12/18/18
NO CHANGE
Target $34
RBCM
Outperform
AMD addition to Nasdaq-100 a 'small near-term positive', says RBC Capital
RBC Capital analyst Mitch Steves notes the addition of AMD (AMD) to the Nasdaq-100 index announced late on Friday, which also contained the inclusion of lululemon (LULU), NetApp (NTAP), United Continental Holdings (UAL), VeriSign (VRSN) and Willis Towers Watson (WLTW) and the subtraction of Express Scripts Holding (ESRX), Hologic (HOLX), Qurate Retail (QRTEA), Shire (SHPG), Seagate Technology (STX) and Vodafone Plc (VOD). The analyst believes that the change - which will become effective before the market open on December 24th - could act as a "small near-term positive" for AMD shares, even though it does not change its fundamentals. Longer term, the analyst keeps his Outperform rating and $34 price target on AMD, but warns that the company is faced with a crypto currency downdraft in the Gaming segment and that he is also cautious on the hyperscale spending trends next year which he estimates in the low single digits. Steves adds that the notable investor debate is also taking place around the AMD server average selling prices, which he sees coming in around $5,400 - the higher end of the more bullish forecasts of $5K-$6K vs. the bears' estimate around $4K.
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.

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AYX

Alteryx

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  • 06

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$NSD

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$NYE

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HGV

Hilton Grand Vacations

$32.59

-0.09 (-0.28%)

12:12
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HGV

Hilton Grand Vacations

$32.59

-0.09 (-0.28%)

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-0.11 (-0.28%)

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APO

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BX

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DB

Deutsche Bank

$7.57

0.1 (1.34%)

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Deutsche Bank lavished gifts in China to win business, NY Times reports »

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  • 04

    Nov

HGV

Hilton Grand Vacations

$32.60

-0.08 (-0.24%)

, APO

Apollo Global

$38.60

-0.12 (-0.31%)

12:08
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Periodicals
Breaking Periodicals news story on Hilton Grand Vacations, Apollo Global »

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APO

Apollo Global

$38.60

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  • 31

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HGV

Hilton Grand Vacations

$32.60

-0.08 (-0.24%)

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RARE

Ultragenyx

$42.08

-0.69 (-1.61%)

12:05
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Conference/Events
Ultragenyx participates in a conference call with JPMorgan »

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  • 31

    Jul

GGAL

Grupo Financiero

$12.99

-0.06 (-0.46%)

12:05
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Options
Grupo Financiero call volume above normal and directionally bullish »

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11:55
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Conference/Events
JPMorgan telecom/networking equip analyst holds analyst/industry conference call »

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VST

Vistra Energy

$27.00

-0.08 (-0.30%)

11:55
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Vistra Energy put volume heavy and directionally bearish »

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SDC

SmileDirectClub

$10.11

-0.99 (-8.92%)

11:50
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SmileDirectClub drops after Dental Board of California sunset bill signed »

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  • 12

    Nov

RVNC

Revance

$13.01

0.84 (6.90%)

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  • 25

    Oct

HAL

Halliburton

$18.43

-0.515 (-2.72%)

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Halliburton call volume above normal and directionally bullish »

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  • 21

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NKE

Nike

$94.87

0.97 (1.03%)

, WDC

Western Digital

$59.11

0.75 (1.29%)

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$94.87

0.97 (1.03%)

WDC

Western Digital

$59.11

0.75 (1.29%)

TPR

Tapestry

$24.94

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HPE

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$14.77

0.42 (2.93%)

XLNX

Xilinx

$96.33

0.15 (0.16%)

DAL

Delta Air Lines

$52.71

-0.23 (-0.43%)

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  • 14

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SDC

SmileDirectClub

$10.33

-0.77 (-6.94%)

11:32
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  • 12

    Nov

INTC

Intel

$51.65

-0.41 (-0.79%)

11:28
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Intel may skip 10nm for desktop CPUs, Wccftech reports »

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  • 24

    Oct

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BKNG

Booking Holdings

$1,985.99

11.08 (0.56%)

, FB

Facebook

$183.97

-0.23 (-0.12%)

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11.08 (0.56%)

FB

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$183.97

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  • 27

    Oct

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M

Macy's

$15.17

-0.56 (-3.56%)

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Macy's call volume above normal and directionally bullish »

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  • 21

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CARA

Cara Therapeutics

$19.13

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AZUL

Azul

$37.10

0.25 (0.68%)

, UAL

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$86.50

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UAL

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CPA

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