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MOH

Molina Healthcare

$145.44

0.35 (0.24%)

16:15
04/04/19
04/04
16:15
04/04/19
16:15

Molina Healthcare announces partnership with eviCore

Molina Healthcare, Inc. announced that it has partnered with eviCore healthcare, a player in evidence-based medical benefit management services, to support Molina's utilization management of certain specialties, including advanced imaging, cardiac imaging, ultrasound, sleep, radiation therapy, laboratory, and medical oncology services. "The agreement with eviCore benefits our members and providers by promoting faster authorizations and expediting access to care, which drives better diagnoses and treatment," said Jim Woys, Executive Vice President of Health Plan Services for Molina Healthcare. "This strategic partnership will support Molina's continued execution of its margin sustainability plan and improve the member and provider experience."

  • 30

    Apr

MOH Molina Healthcare
$145.44

0.35 (0.24%)

02/28/19
COWN
02/28/19
INITIATION
Target $145
COWN
Market Perform
Molina Healthcare initiated with a Market Perform at Cowen
Cowen analyst Charles Rhyee initiated Molina Healthcare with a Market Perform rating and $145 price target, citing his view of the "meaningful" binary risk he sees in the near-term from the Texas RFPs. Rhyee sees greater downside risk than upside potential as he believes Molina shares largely reflect the company maintaining its current share, he tells investors.
02/28/19
02/28/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Wayfair (W) initiated with a Hold at Argus. 2. Molina Healthcare (MOH) initiated with a Market Perform at Cowen. 3. Albireo Pharma (ALBO) initiated with a Buy at H.C. Wainwright. 4. Vista Outdoor (VSTO) initiated with a Buy at B. Riley FBR. 5. Atlassian (TEAM) initiated with a Hold at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/05/19
MSCO
03/05/19
NO CHANGE
MSCO
Uncertain future of PBMs creating cloud over MCO group, says Morgan Stanley
Morgan Stanley analyst Zack Sopcak noted that managed care stocks he covers are down an average of 10% since February 22 and "theories abound" as to why. In talks with investors, he has heard Medicare for All, drug pricing hearings and cuts to insulin prices all mentioned as potential reasons for the pressure, though "none have really stuck," Sopcak stated. However, he does believe a lack of understanding or agreement on the future of PBMs and contributions to earnings in light of HHS' proposals have "created a cloud" over the MCO group, Sopcak said. The analyst, who calls out the magnitude of the move in UnitedHealth (UNH) in particular as unwarranted, points to three potential upcoming catalysts that can "break the group's malaise" prior to earnings: Anthem's (ANTM) investor day on March 7, Humana's (HUM) investor day on March 19 and the Medicare Advantage final rate setting announcement on April 1. Other MCOs include Cigna (CI), Centene (CNC), Molina Healthcare (MOH) and WellCare (WCG).
03/28/19
GSCO
03/28/19
NO CHANGE
GSCO
Federal judge blocking Medicaid work rule positive for MCOs, says Goldman Sachs
Goldman Sachs analyst Stephen Tanal noted that Politico reported that a federal judge ruled for the second time to block new work requirements as a condition for Medicaid eligibility in Kentucky and Arkansas, calling the ruling an incremental positive for Managed Care and Provider companies. MCOs whose primary business is Medicaid managed care are most exposed to this theme, said Tanal, who lists Molina (MOH), WellCare (WCG) and Centene (CNC) as three with a higher percentage of MMC lives in states that have submitted waivers requesting approval to impose work requirements. However, the analyst also noted that Kentucky's Governor has already issued an executive order indicating the state would appeal any decision by a court against work requirements and, if unsuccessful, would reverse its Medicaid Expansion program. WellCare, CVS' (CVS) Aetan, Humana (HUM) and Anthem (ANTM) all operate in Kentucky's Medicaid managed care program, the analyst noted.

TODAY'S FREE FLY STORIES

MMM

3M

$219.24

-0.28 (-0.13%)

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EQT

EQT Corporation

$20.75

-0.26 (-1.24%)

06:39
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EQT Corporation reports Q1 adjusted EPS 83c, consensus 74c »

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ALXN

Alexion

$130.12

-2.24 (-1.69%)

06:38
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Alexion reports Q1 adjusted EPS $2.39, consensus $2.19 »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:38
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BorgWarner backs FY19 EPS view $4.00-$4.35, consensus $4.20 »

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SSNLF

Samsung

$0.00

(0.00%)

, BTC

Bitcoin

$0.00

(0.00%)

06:37
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Periodicals
Samsung plans to develop its own Ethereum-based blockchain, token, TNW reports »

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Samsung

$0.00

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BTC

Bitcoin

$0.00

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BITCOIN

Bitcoin

$0.00

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VLO

Valero

$87.75

-2.53 (-2.80%)

06:36
04/25/19
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Valero says expects to invests about $2.5B of capital in 2019, 2020 »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:36
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Earnings
BorgWarner sees Q2 adj. EPS 99c-$1.05, consensus $1.07 »

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VLO

Valero

$87.75

-2.53 (-2.80%)

06:36
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Earnings
Valero reports Q1 EPS 34c, consensus 29c »

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XRX

Xerox

$33.68

-0.53 (-1.55%)

06:35
04/25/19
04/25
06:35
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06:35
Earnings
Xerox raises 2019 adjusted EPS view to $3.80-$3.95 from $3.70-$3.80 »

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MMM

3M

$219.24

-0.28 (-0.13%)

06:35
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Hot Stocks
3M CEO says 'the first quarter was a disappointing start to the year' »

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MMM

3M

$219.24

-0.28 (-0.13%)

06:34
04/25/19
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06:34
Hot Stocks
3M sees FY19 organic local-currency sales growth (1%)-2% »

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XRX

Xerox

$33.68

-0.53 (-1.55%)

06:34
04/25/19
04/25
06:34
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06:34
Earnings
Xerox reports Q1 adjusted EPS 91c, consensus 78c »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:34
04/25/19
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06:34
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Earnings
BorgWarner reports Q1 adj. EPS $1.00, consensus 95c »

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  • 25

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NTDOY

Nintendo

$0.00

(0.00%)

06:33
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Nintendo says sold 16.95M Switch units in FY19 »

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  • 08

    Jun

MMM

3M

$219.24

-0.28 (-0.13%)

06:33
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Hot Stocks
3M to cut 2,000 positions worldwide »

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LLEX

Lilis Energy

$1.11

-0.045 (-3.90%)

06:32
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Lilis Energy reports Q1 oil production 3,530 Bop/d »

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  • 20

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NTDOY

Nintendo

$0.00

(0.00%)

06:32
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Earnings
Breaking Earnings news story on Nintendo »

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  • 08

    Jun

TSLA

Tesla

$258.70

-5.15 (-1.95%)

06:31
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06:31
Recommendations
Tesla analyst commentary at Piper Jaffray »

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MMM

3M

$219.24

-0.28 (-0.13%)

06:31
04/25/19
04/25
06:31
04/25/19
06:31
Earnings
Breaking Earnings news story on 3M »

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NTDOY

Nintendo

$0.00

(0.00%)

06:31
04/25/19
04/25
06:31
04/25/19
06:31
Earnings
Nintendo reports FY profit per share Y1,615.51 vs. Y1,1623.30 last year »

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  • 08

    Jun

MMM

3M

$219.24

-0.28 (-0.13%)

06:30
04/25/19
04/25
06:30
04/25/19
06:30
Earnings
3M reports Q1 adjusted EPS $2.23, consensus $2.49 »

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NSANY

Nissan

$0.00

(0.00%)

06:29
04/25/19
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06:29
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Periodicals
Carlos Ghosn granted bail in Tokyo for second time, WSJ reports »

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TPH

TRI Pointe

$14.27

0.12 (0.85%)

06:28
04/25/19
04/25
06:28
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06:28
Hot Stocks
TRI Pointe sees 2019 homebuilding gross margin 19%-20% »

Reiterates its previous…

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BCS

Barclays

$8.51

-0.085 (-0.99%)

06:28
04/25/19
04/25
06:28
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06:28
Hot Stocks
Barclays continues to target 2019 RoTE of greater than 9% »

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TPH

TRI Pointe

$14.27

0.12 (0.85%)

06:27
04/25/19
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TRI Pointe sees Q2 homebuilding gross margin 17% »

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