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CNC

Centene

$126.64

1.37 (1.09%)

07:04
01/22/19
01/22
07:04
01/22/19
07:04

Centene subsidiary selected by Arizona's Department of Corrections

Centene announced that Arizona's Department of Corrections has notified Centurion of Arizona of the state's intent to award a contract to provide comprehensive healthcare services to inmates housed in Arizona's state prison system. The contract is expected to commence July 1 with a base term of two years and three one-year renewal options, which are subject to customary contract negotiation. Under the agreement, Centurion will place over 1,000 full-time equivalent employees at state-run prison facilities throughout Arizona to provide a wide array of medical, dental, and mental health services to an average daily population of approximately 33,700.

  • 05

    Feb

  • 28

    May

CNC Centene
$126.64

1.37 (1.09%)

01/15/19
PIPR
01/15/19
NO CHANGE
Target $312
PIPR
Overweight
UnitedHealth positioned to outperform in 2019, says Piper Jaffray
Piper Jaffray analyst Sarah James said there "was so much focus" on UnitedHealth's (UNH) earnings call on its medical loss ratio, or MLR, that it pressured the stock early in the day, but she is not concerned. When accounting for adjustments and if one accounts for some Medicaid pressure, UnitedHealth had some improvement in MA or commercial, which could be positive for Humana (HUM) or Anthem (ANTM), according to James. UnitedHealth was also clear in post call conversation that Medicaid headwinds in 2018/19 were largely company specific, which James said leaves her feeling good heading into earnings from Centene (CNC), Molina Healthcare (MOH) and WellCare (WCG). She reiterates her Overweight rating on UnitedHealth, as James sees potential for upside to her earnings estimates and believes the stock is positioned to outperform the group in 2019 as investors move to safer positions.
01/14/19
SPHN
01/14/19
INITIATION
Target $147
SPHN
Overweight
Centene initiated with an Overweight at Stephens
Stephens analyst Scott Fidel initiated coverage of 11 Managed Care and Healthcare Facilities stocks, telling investors that overall he is constructive on managed care and selective on hospitals. He started Centene with an Overweight rating and $147 price target, citing the company's outlook for about 20% revenue and adjusted EPS growth in 2019, the potential near-term catalyst of the upcoming $6.4B North Carolina managed Medicaid contract award and the 17% pullback in the stock in the past 3 months.
12/28/18
PIPR
12/28/18
NO CHANGE
PIPR
Piper says buy Centene, sell Community Health if recession were to occur
After performing a recession risk/reward for Hospitals and Managed Care Organizations, Piper Jaffray analyst Sarah James recommends buying Centene (CNC) and selling Community Health Systems (CYH) if a recession were to occur. The analyst says that with some economists calling for a recession in 2019, she dug into the potential impacts across the hospital and insurance sector. For hospitals, consumer surveys point to economic outlook impacting decisions to receive services, James tells investors in a research note. On the other hand, insurers are a "natural defensive sector in a recession," adds the analyst. As such, in a recession James would be adding exposure to insurers and lightening hospitals.
12/17/18
12/17/18
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Best Buy (BBY) downgraded to Underperform from Neutral at BofA/Merrill analyst Curtis Nagle citing his caution about key product categories that include TVs, Apple (AAPL) products and gaming. 2. Illinois Tool Works (ITW) downgraded to Sell from Hold at Deutsche Bank. 3. Chesapeake Utilities (CPK) and Middlesex Water (MSEX) were downgraded to Neutral from Buy at Janney Montgomery Scott. 4. Callaway Golf (ELY) downgraded to Neutral from Buy at Roth Capital with analyst Dave King citing the recent acquisition of Jack Wolfskin and saying that the deal moves Callaway beyond its core competency in golf. 5. Centene (CNC) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Stephen Tanal citing risk associated with a potential adverse outcome in the Texas versus United States ACA ruling. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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CREE

Cree

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0.36 (0.63%)

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NOMD

Nomad Foods

$20.82

-0.63 (-2.94%)

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CDAY

Ceridian

$50.75

0.94 (1.89%)

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ATTO

Atento

$3.95

0.06 (1.54%)

20:51
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Atento reports Q4 recurring EPS 21c, consensus 17c »

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TRHC

Tabula Rasa HealthCare

$60.28

1.35 (2.29%)

20:47
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GIS

General Mills

$47.24

-0.365 (-0.77%)

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TRN

Trinity Industries

$22.46

-0.25 (-1.10%)

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  • 26

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TIGR

UP Fintech

$0.00

(0.00%)

20:06
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Syndicate
UP Fintech 13M share IPO priced at $8.00 »

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  • 20

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SND

Smart Sand

$4.27

-0.4 (-8.57%)

20:01
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Smart Sand initiated at B. Riley FBR »

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LYFT

Lyft

$0.00

(0.00%)

20:00
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DERM

Dermira

$14.13

1.52 (12.05%)

19:40
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  • 20

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NVRO

Nevro

$44.76

0.37 (0.83%)

19:38
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03/19
19:38
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Upgrade
Nevro rating change at BMO Capital »

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  • 20

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TORC

ResTORbio

$7.16

-1.81 (-20.18%)

19:34
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ResTORbio 7.2M share Secondary priced at $6.95 »

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NVRO

Nevro

$44.76

0.37 (0.83%)

19:33
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19:33
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Nevro rating change at BMO Capital »

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  • 20

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PFE

Pfizer

$42.32

0.51 (1.22%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

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Pfizer, Merck KGaA discontinue Phase III JAVELIN Ovarian PARP study »

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Pfizer

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Merck KGaA

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

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Alphabet Class A

$1,203.13

15.04 (1.27%)

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$1,199.71

16.05 (1.36%)

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$1,203.13

15.04 (1.27%)

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GOOG

Alphabet

$1,199.71

16.05 (1.36%)

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Alphabet Class A

$1,203.13

15.04 (1.27%)

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Periodicals
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$1,199.71

16.05 (1.36%)

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Alphabet Class A

$1,203.13

15.04 (1.27%)

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SMAR

Smartsheet

$43.51

-0.16 (-0.37%)

, SCS

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$17.49

-0.115 (-0.65%)

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AUPH

Aurinia Pharmaceuticals

$6.40

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Nevro

$44.76

0.37 (0.83%)

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Sage Therapeutics

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Tencent Music

$18.65

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$1.50

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AAR Corp.

$35.10

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FDX

FedEx

$181.50

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Franco-Nevada

$75.64

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PRNB

Principia Biopharma

$36.88

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LGIH

LGI Homes

$54.89

-2.27 (-3.97%)

19:02
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SAGE

Sage Therapeutics

$156.08

-0.89 (-0.57%)

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  • 19

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QTRX

Quanterix

$24.59

-0.01 (-0.04%)

18:55
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AIHS

Senmiao Technology

$4.71

-0.275 (-5.52%)

18:55
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18:55
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Syndicate
Breaking Syndicate news story on Senmiao Technology »

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INVH

Invitation Homes

$23.31

-0.23 (-0.98%)

18:54
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18:54
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Syndicate
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  • 19

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PULM

Pulmatrix

$1.70

-0.09 (-5.03%)

18:53
03/19/19
03/19
18:53
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18:53
Syndicate
Breaking Syndicate news story on Pulmatrix »

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  • 19

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