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ANTM

Anthem

$238.17 /

+13.82 (+6.16%)

, CI

Cigna

$184.95 /

+8.03 (+4.54%)

12:45
04/08/20
04/08
12:45
04/08/20
12:45

Healthcare outperforms after Sanders ends bid for Democratic nomination

Shares of healthcare-related stocks are outperforming a strong move in the broader market on Wednesday after Senator Bernie Sanders ended his presidential campaign, paving the path to for Joe Biden's Democratic nomination. "In a race reshaped, and eclipsed, by the escalating coronavirus crisis, Mr. Sanders faced no realistic path to the nomination after a series of lopsided losses to Mr. Biden, beginning in South Carolina in late February and culminating with a string of losses last month in crucial states like Michigan and Florida," said The New York Times earlier. WHAT'S NOTABLE: Senator Sanders had backed the notion of "Medicare for All," which worried some healthcare investors because of the natural pricing pressures. Biden is leaning towards an expansion of government-subsidized health insurance coverage but would keep the private system. Biden proposes to build on the Affordable Care Act signed into law 10 years ago by President Barack Obama and would look to add a public option to private plans sold on the ACA's public exchange. PRICE ACTION: Shares of health service organizations UnitedHealth Group (UNH), Cigna Corporation (CI) and Anthem (ANTM) are trading higher as is CVS Health (CVS), the owner of Aetna, as well as biotech stocks like Biogen (BIIB).

ANTM

Anthem

$238.17 /

+13.82 (+6.16%)

CI

Cigna

$184.95 /

+8.03 (+4.54%)

UNH

UnitedHealth

$258.80 /

+10.945 (+4.42%)

CVS

CVS Health

$58.39 /

+1.56 (+2.75%)

BIIB

Biogen

$308.97 /

+8.39 (+2.79%)

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ANTM Anthem
$238.17 /

+13.82 (+6.16%)

02/20/20 Stephens
Stephens watching near-term MCO stock reactions after Bloomberg's 'rough' debate
02/18/20 Deutsche Bank
Deutsche raises price targets in Managed Care on fading political risks
01/31/20 Credit Suisse
Anthem price target lowered to $355 from $380 at Credit Suisse
01/10/20 Morgan Stanley
Morgan Stanley upgrades McKesson, names Centene, Anthem top Healthcare picks
CI Cigna
$184.95 /

+8.03 (+4.54%)

04/01/20 Citi
Citi still sees 'significant upside' in Cigna despite COVID-19 concerns
03/24/20 Raymond James
Cigna upgraded to Strong Buy from Outperform at Raymond James
03/24/20 Raymond James
Cigna upgraded to Strong Buy from Outperform at Raymond James
03/23/20 Raymond James
Cigna price target lowered to $210 from $240 at Raymond James
UNH UnitedHealth
$258.80 /

+10.945 (+4.42%)

03/20/20 Deutsche Bank
Deutsche Bank upgrades UnitedHealth on quality and diversification
03/20/20 Deutsche Bank
UnitedHealth upgraded to Buy from Hold at Deutsche Bank
03/06/20 JPMorgan
Myriad Genetics price target lowered to $14 from $17 at JPMorgan
03/04/20 Citi
UnitedHealth impact from coronavirus has been limited, says Citi
CVS CVS Health
$58.39 /

+1.56 (+2.75%)

03/25/20 RBC Capital
CVS Health price target lowered to $81 from $85 at RBC Capital
03/24/20 Cowen
CVS Health outperformance should continue post-virus, says Cowen
03/12/20 Canaccord
Livongo Health weakness a buying opportunity, says Canaccord
BIIB Biogen
$308.97 /

+8.39 (+2.79%)

03/31/20 Wolfe Research
Biogen initiated with a Peer Perform at Wolfe Research
03/26/20 Piper Sandler
Doctor survey shows 'massive' near-term COVID disruption, says Piper Sandler
03/13/20 Jefferies
Large-cap biotech remains good 'defensive zone' for 2020, says Jefferies
02/28/20 William Blair
Biogen deal with Sangamo unlikely to have near-term impact, says William Blair

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