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CNC

Centene

$50.45

2.26 (4.69%)

09:17
04/24/19
04/24
09:17
04/24/19
09:17

Centene price target lowered to $80 from $90 at SunTrust

SunTrust analyst David MacDonald lowers his price target on Centene to $80 to reflect the changes to market multiples but keeps his Buy rating after the company's "strong" Q1 results. The analyst says the performance in the quarter was driven by "solid core Medicaid trends, Marketplace expansion, and robust cash flow." MacDonald also believes that Medicare is "positioned for a big 2020 and beyond."

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CNC Centene
$50.45

2.26 (4.69%)

04/05/19
COWN
04/05/19
NO CHANGE
COWN
Centene, Molina could be 'compelling' targets for Humana, says Cowen
Cowen analyst Charles Rhyee said he believes Centene's (CNC) planned takeover of WellCare (WCG) could potentially accelerate Humana's (HUM) timeline to acquire a scaled Medicaid asset, noting that it currently has the second smallest Medicaid book among managed care organizations. His analysis suggests Centene and Molina Healthcare (MOH) could both be "compelling acquisition targets" for Humana and believes the company has the financial capacity to make a bid for either, though Rhyee added that he does not believe Humana needs to rush a decision. Rhyee sees about a one year window in which Humana "can dictate the Medicaid M&A market" before Cigna (CI) and/or CVS Health (CVS) can get involved, he tells investors. While the analyst believes Centene makes the most sense as a potential target for Humana if the latter does not win the Texas STAR+PLUS contract, he suspects Centene is not willing to sell and believes Humana would have to offer a significant premium. If Humana does win the Texas STAR+PLUS contract it does not need to pursue large scale M&A, but a deal could be attractive anyway, Rhyee said.
04/10/19
RHCO
04/10/19
NO CHANGE
RHCO
SunTrust lowers price targets on CVS, raises price target on WellCare
SunTrust analyst David MacDonald lowered his price target on CVS (CVS) to $65 from $85 as part of his broader research note previewing Q1 results for the healthcare services stocks. The analyst expects the quarter to reflect the company's challenges around reimbursement pressure, fewer generics, and lower brand inflation that should be a detriment to retail pharmacy and long-term-care businesses, even though he maintains a bullish view on the stock longer term based on its risk-reward profile. MacDonald also raises his price target on WellCare (WCG) to $340 from $305, saying his bullish expectation for the stock is driven by the company's "strong core trends, high visibility, and superb win rate". The analyst also cites the pending WellCare acquisition by Centene (CNC) yielding a "meaningful combined pharmacy opportunity and increased diversification" from an expanded "Medicaid footprint".
04/15/19
FBCO
04/15/19
INITIATION
Target $307
FBCO
Neutral
WellCare initiated with a Neutral at Credit Suisse
Credit Suisse analyst A.J. Rice started coverage of WellCare (WCG) with a Neutral rating and a $307 price target. While the analyst forecasts WellCare growing revenue and EPS by roughly 29% and 22% this year, with revenue of more than $26B and EPS reaching $13.35, he believes the pending Centene (CNC) deal limits upside over near to immediate term.
04/17/19
SPHN
04/17/19
NO CHANGE
SPHN
Issues facing healthcare sector now 'modest' compared to 2008-10, says Stephens
Stephens analyst Scott Fidel noted that the managed care group has sharply underperformed the S&P 500 over the last month amid "political rhetoric" around point-of-sale drug rebates and Medicare for all policy proposals, though he believes the issues facing the sector right now "seem modest in comparison" to the "dark days of 2008-2010." While recent Medicare for all proposals have rattled investors, "they will face enormous uphill battles," Fidel tells investors. Hospital stocks have outperformed MCOs year-to-date, but the group declined about 9% yesterday and underperformed the MCO group, which Fidel attributes to acknowledgement by industry bellwether UnitedHealth (UNH) of the significant disruptive nature of Medicare for all, which may have sparked additional fears, as well as one less calendar day being called out by UnitedHealth as benefiting Q1 MLRs and Johnson & Johnson's (JNJ) earnings call commentary on declining sequential hospital admissions from Q4. Publicly traded companies in the hospital space include Community Health (CYH), HCA Healthcare (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS). Publicly traded companies in the managed care space include Anthem (ANTM), CVS Health (CVS), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG).

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CMCSA

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JDST

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PIR

Pier 1 Imports

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

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TUFN

Tufin

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3.32 (15.05%)

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WU

Western Union

$19.80

0.09 (0.46%)

11:55
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Options
Western Union put volume heavy and directionally bearish »

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BJRI

BJ's Restaurants

$43.84

2.53 (6.12%)

11:55
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11:55
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Conference/Events
BJ's Restaurants management to meet with Stephens »

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General news
Treasury's $75 B in 4- and 8-week bill auctions were well received »

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BRKR

Bruker

$48.19

0.45 (0.94%)

11:49
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11:49
Earnings
Bruker sees medium-term EPS growth of 11%-15%, organic revenue growth of 5%-7% »

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GO

Grocery Outlet

$0.00

(0.00%)

11:46
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Breaking Syndicate news story on Grocery Outlet »

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BRKR

Bruker

$48.08

0.34 (0.71%)

11:45
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Earnings
Bruker sees FY19 EPS $1.57-$1.61, consensus $1.61 »

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ZUO

Zuora

$15.64

-0.27 (-1.70%)

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Options
Zuora call volume above normal and directionally bullish »

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WORK

Slack Technologies

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PSNL

Personalis

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  • 20

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UAA

Under Armour

$26.88

-0.08 (-0.30%)

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Under Armour management to meet with Piper Jaffray »

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  • 20

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SHOP

Shopify

$330.32

2.92 (0.89%)

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  • 05

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HSY

Hershey

$137.38

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Shopify

$328.25

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On The Fly
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AMRN

Amarin

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AAPL

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AKRO

Akero Therapeutics

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  • 20

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AKRO

Akero Therapeutics

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  • 20

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TYPE

Monotype Imaging

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