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Fly News Breaks for July 13, 2015
CNC, HNT
Jul 13, 2015 | 06:37 EDT
FBR Capital analyst Steven Halper upgraded Centene (CNC) to Outperform from Market Perform citing the pullback in shares since the company announced the acquisition of Health Net (HNT). He raised his price target for the stock to $90 from $80 saying the deal brings "unique attributes" to Centene.
News For CNC;HNT From the Last 2 Days
CNC
Feb 20, 2020 | 13:17 EST
Stephens analyst Scott Fidel points out that Managed Care Organization stocks had bounced after the Iowa caucus, but he notes that it "was a rough initial showing" for Michael Bloomberg in his first Democratic debate. He will be looking at the near-term price action in MCO stocks "to reveal how much of the uplift in share strength since Iowa related to market sentiment that Bloomberg's prospects were accelerating." While he contends that a second term for Donald Trump would be a "best-case scenario" for MCO stocks, Fidel also argues that a nomination of Bernie Sanders "creates Black Swan risk that would not be so starkly present" with Bloomberg. MCO stocks Anthem (ANTM), Centene (CNC), CVS Health (CVS), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH) are all lower in early afternoon trading amid a broader market selloff.