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MOH

Molina Healthcare

$135.69

-2.3 (-1.67%)

06:03
12/02/19
12/02
06:03
12/02/19
06:03

Molina Healthcare wins Kentucky Medicaid contract

Molina Healthcare announced that its Kentucky health plan subsidiary has been selected as an awardee pursuant to the Kentucky Medicaid managed care organizations request for proposals issued by the Kentucky Finance and Administration Cabinet in May, 2019. The new contract for Molina's Kentucky health plan is expected to begin on July 1, 2020. Molina's Kentucky health plan is one of five managed care organizations selected to offer health care coverage to 1.3M Medicaid beneficiaries through the TANF, CHIP, and ABD programs.

MOH Molina Healthcare
$135.69

-2.3 (-1.67%)

10/30/19
JEFF
10/30/19
DOWNGRADE
Target $120
JEFF
Hold
Jefferies downgrades Molina on loss of Texas Medicaid contract
Jefferies analyst David Windley downgraded Molina Healthcare to Hold from Buy with a price target of $120, down from $133. The Texas Star+Plus result is "likely destabilizing" with 55%-60% membership loss, Windley tells investors in a research note. Star+Plus is a Texas Medicaid managed care program for people who have disabilities or are age 65 or older. The earnings impact is 4%-5% but the loss is Molina's third major request for proposal loss, with this one on new management's watch, says the analyst. After today's likely selloff, he thinks the stock will be range bound.
10/30/19
SPHN
10/30/19
NO CHANGE
SPHN
Overweight
Texas STAR+PLUS award removes 'major overhang' on Centene, says Stephens
Stephens analyst Scott Fidel said the announcement of the much anticipated, and long delayed, Texas STAR+PLUS contract awards removes a "major overhang" on Centene (CNC), which he views as among the big winners along with UnitedHealth (UNH). United and Centene added 3 regions and 2 regions, respectively, while Molina Healthcare's (MOH) result was disappointing as it appears to have lost 4 regions on a net basis. Anthem (ANTM) also lost a net 3 regions and incumbent Cigna (CI) has "essentially been replaced" by CVS Health's (CVS) Aetna, added Fidel.
11/18/19
RHCO
11/18/19
NO CHANGE
RHCO
Healthcare Services targets raised at SunTrust on visibility under Warren plans
SunTrust analyst David MacDonald raised his price targets on Anthem (ANTM) to $330 from $300, Cigna (CI) to $250 from $230, Centene (CNC) to $77 from $72, CVS (CVS) to $90 from $85, Humana (HUM) to $370 from $350, Molina Healthcare (MOH) to $165 from $155, Tivity Health (TVTY) to $25 from $21, UnitedHealth (UNH) to $335 from $310, and Wellcare (WCG) to $340 from $320. The analyst cites the release of Senator Warren's plans to implement "Medicare For All", which he believes offers additional clarity and allays some investor concerns regarding the sector. MacDonald contends that the plan will offer an early buy-in, comprehensive coverage that is similar to Medicare Advantage, while strengthening the ACA/Medicaid system and offering a transition period to move to Medicare For All. The analyst adds that Managed Care companies will remain a "key part of the healthcare cost solution".
11/27/19
PIPR
11/27/19
NO CHANGE
PIPR
Piper says Evolent Health news from Kentucky 'may not be as dire' as thought
After a "big shake-up" in Kentucky's Medicaid awards, Piper Jaffray analyst Sean Weiland noted that Evolent Health (EVH) shares have sold off sharply, but he believes the news "may not be as dire as one thinks." Evolent will recoup its $70M investment in Passport on the wind-down process and can still grow revenue by 10% in 2020 given that Passport revenue in the state will continue through June 30, according to Weiland, who sees visibility on added revenue from other wins. He believes Evolent shares are oversold in morning trading, the analyst added. Piper Jaffray analyst Sarah James also weighed in on the Kentucky awards, calling the move "most material" for sentiment on Molina Healthcare (MOH). She estimates being added in Kentucky will add $1.1B in revenue and 48c in EPS for Molina, assuming an even split between it and the other new awardee, UnitedHealth (UNH). For Anthem (ANTM), the loss represents $700M in revenue and 7c in EPS in FY21, estimated James.

TODAY'S FREE FLY STORIES

17:25
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General news
U.S. Treasury posted a -$208.8 B budget deficit in November »

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NOMD

Nomad Foods

$20.54

-0.12 (-0.58%)

17:23
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LMPX

LMP Automotive

$15.05

1.75 (13.16%)

17:23
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LMP Automotive Chairman Samer Tawfik buys over $1.7M in company shares »

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TGI

Triumph Group

$28.91

0.1 (0.35%)

17:21
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Syndicate
Breaking Syndicate news story on Triumph Group »

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MKC

McCormick

$170.70

-0.635 (-0.37%)

17:12
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Initiation
McCormick initiated  »

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CLR

Continental Resources

$33.37

0.27 (0.82%)

17:10
12/11/19
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17:10
Conference/Events
Continental Resources to host conference call »

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GIS

General Mills

$51.57

-1.67 (-3.14%)

, K

Kellogg

$66.17

-0.48 (-0.72%)

17:08
12/11/19
12/11
17:08
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17:08
Initiation
General Mills, Kellogg initiated  »

General Mills resumed…

GIS

General Mills

$51.57

-1.67 (-3.14%)

K

Kellogg

$66.17

-0.48 (-0.72%)

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  • 18

    Dec

CEI

Camber Energy

$2.05

0.86 (72.27%)

17:05
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Camber Energy responds to unusual market activity »

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MGEN

Miragen Therapeutics

$0.69

0.0554 (8.73%)

17:04
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Conference/Events
Miragen Therapeutics to host conference call »

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AGI

Alamos Gold

$5.57

0.205 (3.82%)

17:03
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Hot Stocks
Alamos Gold sees FY20 production 425K-465K ounces of gold »

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MMNFF

MedMen

$0.00

(0.00%)

17:02
12/11/19
12/11
17:02
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17:02
Earnings
MedMen sees positive adjusted EBITDA in Q121, and positive FCF in Q321 »

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  • 12

    Dec

CPB

Campbell Soup

$48.00

-0.37 (-0.76%)

17:02
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Initiation
Campbell Soup initiated  »

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MMNFF

MedMen

$0.00

(0.00%)

17:00
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Earnings
MedMen sees FY20 revenue $225M - $245M, consensus $212.69M »

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  • 12

    Dec

XOM

Exxon Mobil

$68.95

-0.11 (-0.16%)

16:59
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Exxon Mobil's Milton sells 13,569 common shares »

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  • 12

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SJM

J.M. Smucker

$104.42

-1.64 (-1.55%)

16:57
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Initiation
J.M. Smucker initiated  »

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  • 26

    Feb

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Conference/Events
Oppenheimer healthcare analysts to hold a KOL dinner meeting »

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MMNFF

MedMen

$0.00

(0.00%)

16:54
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MedMen granted delivery-only license by the city of Mountain View, California »

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  • 12

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CAG

Conagra Brands

$28.64

-0.58 (-1.98%)

16:53
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Initiation
Conagra Brands initiated  »

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  • 19

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EQH

AXA Equitable

$24.27

-0.18 (-0.74%)

16:53
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AXA Equitable sells two run-off and closed-block companies »

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  • 11

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MMNFF

MedMen

$0.00

(0.00%)

16:50
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MedMen announces financial updates to strengthen balance sheet »

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  • 12

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MDLZ

Mondelez

$53.94

-0.13 (-0.24%)

16:48
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Initiation
Mondelez initiated  »

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ECA

Encana

$4.04

0.01 (0.25%)

16:42
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Encana to establish corporate domicile in U.S. »

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GE

General Electric

$10.98

-0.02 (-0.18%)

16:41
12/11/19
12/11
16:41
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16:41
Upgrade
Analyst change prompts UBS to upgrade GE to Buy from Neutral »

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  • 11

    Dec

  • 29

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HSY

Hershey

$149.81

0.415 (0.28%)

16:40
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Initiation
Hershey initiated  »

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NDSN

Nordson

$167.47

1.72 (1.04%)

16:39
12/11/19
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Earnings
Nordson sees FY20 GAAP EPS growth 2%--6% versus FY19 »

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  • 12

    Dec

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