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UNH

UnitedHealth

$235.51

15.19 (6.89%)

, CNC

Centene

$45.39

1.49 (3.39%)

12:37
10/15/19
10/15
12:37
10/15/19
12:37

Health insurance providers move higher after UnitedHealth Q3 results

Health insurance providers are moving higher on Tuesday after peer UnitedHealth (UNH) reported stronger-than-expected third quarter earnings earlier on Tuesday, and raised its FY19 EPS view. Shares of other U.S. healthcare insurance providers including Centene (CNC) Anthem (ANTM), Humana (HUM), WellCare (WCG), Molina Healthcare (MOH), Cigna (CI) are moving higher on Tuesday.

UNH

UnitedHealth

$235.51

15.19 (6.89%)

CNC

Centene

$45.39

1.49 (3.39%)

ANTM

Anthem

$249.46

14.73 (6.28%)

HUM

Humana

$275.49

11.53 (4.37%)

MOH

Molina Healthcare

$117.98

5.495 (4.89%)

CI

Cigna

$159.78

8.165 (5.39%)

WCG

WellCare

$268.48

5.44 (2.07%)

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UNH UnitedHealth
$235.51

15.19 (6.89%)

10/08/19
CANT
10/08/19
NO CHANGE
Target $310
CANT
Overweight
UnitedHealth pullback on policy noise an opportunity, says Cantor Fitzgerald
Cantor Fitzgerald analyst Steven Halper says shares of UnitedHealth are attractive at current levels. He reiterates an Overweight rating on the name with a $310 price target ahead of the company's Q3 results on October 15. Optum will continue to be a strong growth driver for UnitedHealth, driven by solid performance across all three of the unit's operating segments, Halper tells investors in a pre-earnings research note. The analyst continue believe sweeping changes to the U.S. healthcare system, which has pressured the stock, are unlikely. Policy noise has created an attractive buying opportunity into UnitedHealth, says Halper.
10/10/19
JEFF
10/10/19
DOWNGRADE
Target $235
JEFF
Hold
UnitedHealth downgraded to Hold from Buy at Jefferies
Jefferies analyst David Windley downgraded UnitedHealth to Hold from Buy with a price target of $235, down from $300.
10/10/19
JEFF
10/10/19
DOWNGRADE
Target $235
JEFF
Hold
Jefferies downgrades UnitedHealth to Hold, cuts Managed Care price targets
Jefferies analyst David Windley downgraded UnitedHealth (UNH) to Hold from Buy with a price target of $235, down from $300. Managed Care sentiment "turned abruptly negative a year ago and has stubbornly remained there," Windley tells investors in a research note. Further, the political risk causing this won't likely abate for at least another nine months, contends the analyst. In addition to the political overhang, he's concerned UnitedHealth's (UNH) commercial enrollment is at risk to Anthem (ANTM). Along with the downgrade of UnitedHealth, Windley cut his price target for Buy-rated Anthem to $299 from $365, for Buy-rated Centene (CNC) to $53 from $76, for Buy-rated Cigna (CI) to $203 from $233, for Buy-rated Humana (HUM) to $322 from $352, for Buy-rated Molina Healthcare (MOH) to $133 from $173 and for Hold-rated WellCare (WCG) to $264 from $302.
10/10/19
RHCO
10/10/19
NO CHANGE
Target $330
RHCO
Hold
SunTrust 'bullish' across healthcare services space ahead of Q3 results
SunTrust analyst David MacDonald says he remains "bullish" across much of the healthcare services space ahead of third quarter results, citing "solid" core trends, "attractive" secular tailwinds, "robust" M&A and "strong" free cash flow. While he expects ongoing intermittent "chop" as industry noise continues to weigh, he views the risk of meaningful structural change as quite low, continues to favor scaled, integrated providers in the ongoing shift towards value and views valuation risk/rewards as increasingly attractive. The analyst tells investors in a research note that he does not necessarily view Q3 results as a meaningful trigger and thinks improved visibility around the election and Democratic primary is key, MacDonald remains bullish on core fundamentals, sees significant inherent sector drivers and says Managed Care remains a favorite fundamental sector. The analyst raised his price target for Anthem (ANTM) to $330 from $290, on Centene (CNC) to $80 from $72, on Cigna (CI) to $260 from $230, on Humana (HUM) to $340 from $310, on Molina (MOH) to $180 from $165, on UnitedHealth (UNH) to $330 from $310, on WellCare (WCG) to $340 from $320, on Ensign Group (ENSG) to $60 from $44 and Tivity Health (TVTY) to $24 from $21.
CNC Centene
$45.39

1.49 (3.39%)

09/18/19
PIPR
09/18/19
NO CHANGE
PIPR
Managed Care selloff brings buying opportunity, says Piper Jaffray
Piper Jaffray analyst Sarah James believes the recent selloff in shares of Managed Care companies, which she attributes to political concerns, has brought buying opportunities. Now is a good time to start doing work on the names, says James, who sees "initial signs of value funds coming in." Faster moving money will come back into the sector once we get past the fall/winter catalysts, the analyst tells investors in a research note. This gives investors a small window when the sector is out of favor to pick up top performing names, contends James. Her top picks are Anthem (ANTM), Cigna (CI), Humana (HUM), Centene (CNC), Molina Healthcare (MOH) and UnitedHealth (UNH).
10/01/19
SPHN
10/01/19
NO CHANGE
SPHN
Stephens lowers price targets for MCOs on 2020 election uncertainty
Stephens analyst Scott Fidel said the uncertainty over the 2020 elections has been a consistent overhang for Managed Care Organization stocks, but the group has underperformed the S&P 500 Index by about 15% since Elizabeth Warren's polling numbers for the Democratic presidential nomination rose above the 18% range in mid-August. Given the continuing uncertainty about the 2020 election, especially in light of Warren's rise and "the Ukraine imbroglio" adding new risks for both Trump and Biden, Fidel lowered his price targets across the MCO group. However, he maintains his ratings, noting that the group now trades at its largest discount to the S&P since February 2010. Fidel lowered his price target price on Anthem (ANTM) shares to $306 from $350, trimmed his Cigna (CI) target to $206 from $225, lowered his Centene (CNC) target to $60 from $72, cut his Humana (HUM) target to $307 from $335, lowered Magellan Health's (MGLN) target to $65 from $74, decreased his Molina Healthcare (MOH) target to $126 from $150, lowered UnitedHealth's (UNH) target to $258 from $290 and cut his target for WellCare (WCG) to $287 from $317.
ANTM Anthem
$249.46

14.73 (6.28%)

HUM Humana
$275.49

11.53 (4.37%)

09/30/19
09/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UnitedHealth (UNH) and Humana (HUM) downgraded to Market Perform from Outperform at BMO Capital. 2. U.S. Bancorp (USB) downgraded to Underperform from Neutral at BofA/Merrill with analyst Erika Najarian citing its 2019 Investor Day presentation maintained its long-term efficiency and ROTCE expectations while lowering its revenue and earnings forecasts "only modestly." 3. SunCoke Energy (SXC) downgraded to Neutral from Buy at B. Riley FBR with analyst Lucas Pipes saying he sees a number of events that present "significant headline risk" for the stock as well as a lack of near-term positive catalysts. 4. Rockwell Automation (ROK) downgraded to Market Perform from Outperform at Wells Fargo with analyst Deepa Raghavan saying her U.S. distributor and industry channel checks indicated "rapidly deteriorating" demand conditions in the quarter. 5. Mammoth Energy (TUSK) downgraded to Equal Weight from Overweight at Barclays with analyst J. David Anderson saying he made the mistake of viewing Mammoth 's Puerto Rico operations as a business, when it ended up being just a contract. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MOH Molina Healthcare
$117.98

5.495 (4.89%)

CI Cigna
$159.78

8.165 (5.39%)

09/30/19
09/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. TSMC (TSM) upgraded to Conviction Buy from Buy at Goldman Sachs with analyst Bruce Lu saying after a re-examination of industry capacity builds and order revisions, he thinks he's underestimating the positive impacts on TSMC arising from trade uncertainty. 2. Wells Fargo (WFC) upgraded to Buy from Hold at Argus with analyst Stephen Biggar citing the company's appointment of Charlie Scharf as its new CEO. 3. Cigna (CI) upgraded to Outperform from Market Perform at BMO Capital with analyst Matthew Borsch claiming that the current 8-times his expected forward earnings valuation multiple is "attractive" as the stock represents a "better hedge" against political and health policy uncertainty. 4. Bed Bath & Beyond (BBBY) upgraded to Outperform from Neutral at Wedbush with analyst Seth Basham saying turning around declining retailers is a very difficult task, particularly amidst unfavorable secular trends and soft industry sales growth, but Bed Bath & Beyond has a "good chance of stabilization" in earnings over the next two years as its changes take hold. 5. Restaurant Brands (QSR) upgraded to Neutral from Underperform at Longbow with analyst Alton Stump saying after calls with U.S. Burger King franchisees, he believes same-store sales for Restaurant Brands' Burger King concept were up 4.5%-5.0% in Q3 ahead of his prior estimate of 2.0% growth and consensus at up 3.4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WCG WellCare
$268.48

5.44 (2.07%)

09/09/19
SPHN
09/09/19
DOWNGRADE
Target $317
SPHN
Equal Weight
WellCare downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Scott Fidel downgraded WellCare Health Plans (WCG) to Equal Weight from Overweight and lowered his price target for the shares to $317 from $330. The analyst sees limited incremental opportunity to capture value from the pending takeover by Centene (CNC). He still expects the deal to close in the first half of 2020.

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TSN

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EXPI

eXp World Holdings

$9.96

0.13 (1.32%)

09:32
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TRPX

Therapix Biosciences

$1.41

-0.16 (-10.19%)

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MLM

Martin Marietta

$255.29

-0.7 (-0.27%)

09:31
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EEFT

Euronet

$149.96

1.99 (1.34%)

09:30
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Conference/Events
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DG

Dollar General

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BGNE

BeiGene

$196.20

4.5 (2.35%)

09:30
11/13/19
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Downgrade
BeiGene rating change  »

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DEO

Diageo

$157.94

-1.87 (-1.17%)

09:29
11/13/19
11/13
09:29
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09:29
Conference/Events
Diageo management to meet with RBC Capital »

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DBD

Diebold

$8.10

0.025 (0.31%)

09:28
11/13/19
11/13
09:28
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09:28
Conference/Events
Diebold management to meet with DA Davidson »

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CBPX

Continental Building

$35.76

3.73 (11.65%)

, GMS

GMS Inc.

$30.73

0.21 (0.69%)

09:27
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CBPX

Continental Building

$35.76

3.73 (11.65%)

GMS

GMS Inc.

$30.73

0.21 (0.69%)

FBM

Foundation Building Materials

$21.20

0.2 (0.95%)

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CRLBF

Cresco Labs

$0.00

(0.00%)

09:27
11/13/19
11/13
09:27
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09:27
Conference/Events
Cresco Labs management to meet with Piper Jaffray »

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  • 14

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CNI

Canadian National

$93.08

-0.485 (-0.52%)

09:25
11/13/19
11/13
09:25
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Conference/Events
Canadian National management to meet with RBC Capital »

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BRTX

BioRestorative Therapies

$0.00

(0.00%)

09:25
11/13/19
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Conference/Events
BioRestorative Therapies to host special shareholder meeting »

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TLRY

Tilray

$21.57

-0.4 (-1.82%)

09:25
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09:25
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General news
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EL

Estee Lauder

$187.89

0.63 (0.34%)

09:24
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$1.53

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Conference/Events
Broadwind Energy management to meet with Oppenheimer »

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BLDR

Builders FirstSource

$24.75

0.4 (1.64%)

09:22
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Conference/Events
Builders FirstSource management to meet with Wedbush »

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NVFY

Nova Lifestyle

$0.54

(0.00%)

09:21
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AMN

AMN Healthcare

$60.42

0.53 (0.88%)

09:20
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Conference/Events
AMN Healthcare management to meet with Sidoti »

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  • 14

    Nov

PHOT

GrowLife

$0.00

(0.00%)

09:20
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Earnings
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AIMT

Aimmune

$28.32

-0.45 (-1.56%)

09:19
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Conference/Events
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    Nov

NLTX

Neoleukin Therapeutics

$3.00

0.035 (1.18%)

09:19
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NLTX

Neoleukin Therapeutics

$3.00

0.035 (1.18%)

09:18
11/13/19
11/13
09:18
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09:18
Earnings
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"The past quarter…

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