Fly News Breaks for January 10, 2020
WCG, CHNG, ANTM, CNC, MCK
Jan 10, 2020 | 07:38 EDT
As previously reported, Morgan Stanley analyst Ricky Goldwasser upgraded McKesson (MCK) to Overweight from Equal Weight with a price target of $162, up from $135. Shares have underperformed the S&P in the last five years because of "a myriad of headwinds, with the most recent being concerns about opioids liability and its 2020/21 earnings power. However, Goldwasser believes specialty business and cost cutting initiatives can support earnings growth and exiting the investment in Change Healthcare (CHNG) should further strengthen McKesson's balance sheet, she tells investors. Her top picks in Healthcare Services for 2020 are Anthem (ANTM) and Centene (CNC). She sees the most multiple expansion opportunity for Anthem as it continues taking Medicare Advantage share and for Centene given its Wellcare (WCG) deal, said Goldwasser, who has a price targets of $382 for Anthem and $82 for Centene shares.
News For MCK;CNC;ANTM;CHNG;WCG From the Last 2 Days