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Benzinga’s Top Downgrades (SKH, NANO, HRB, CPNO)
Thursday, July 8, 2010 - 10:09am | 150Skilled Healthcare Group Inc (NYSE: SKH) was downgraded by Jefferies from “buy” to “hold.” SKH’s shares closed at $1.52 yesterday. Skilled Healthcare Group’s earnings may tumble 489.25% this year. Oppenheimer downgraded Nanometrics Incorporated (NASDAQ: NANO) from “outperform” to “perform.” NANO’s...
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Goldman Weighs In On CMS Announcement (AMSG)
Tuesday, July 6, 2010 - 2:28pm | 244On Friday, the Centers for Medicare and Medicaid Services announced "preliminary CY2011 payment rules for services provided at hospital outpatient departments (HOPD) and ambulatory surgery centers (ASCs)," according to a research report by Goldman Sachs. Analysts at the investment bank offered a...
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THC Surges After Signing Contract With Cigna
Tuesday, July 6, 2010 - 1:40pm | 106Shares of Tenet Healthcare Corp (NYSE: THC) moved after the company signed a multi-year contract with Cigna (NYSE: CI). The Dallas, Texas-based company has signed a new multi-year contract with Cigna. Under the plan, participants of CI’s health plan will have access to all health care services...
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J.P. Morgan Raises HealthSouth EPS Estimate (HLS)
Tuesday, June 29, 2010 - 8:44am | 112Following positive comments from management and a better-than-estimated 1Q10, J.P. Morgan raised HealthSouth Corp. (NYSE: HLS) 2010 and 2011 EPS estimates by $0.10 each to $1.75 and $1.95, respectively. J.P. Morgan maintains a Neutral rating on HealthSouth shares. J.P. Morgan analysts raise...
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Top Narrow Based Indexes for June 23 (MED, KMX, CYH)
Wednesday, June 23, 2010 - 1:52pm | 188By 12:02 pm, the Dow Jones Industrial Average was down 35.14 points, or 0.34%, to 10,258.38, while the broader Standard & Poor's 500 index had lost 6.94 points, or 0.63%. The NASDAQ composite index had climbed 14.24 points, or 0.63%. Some of the narrow based indexes that are driving the market...
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Top Yielding American Stock Exchange Stocks
Wednesday, June 23, 2010 - 1:42am | 403The American Stock Exchange, also known as the AMEX, was founded in 1842 as the New York Curb Exchange. It got that name since stock traders and brokers used to stand on the curb and trade stocks back in the early 1800's. On October 1, 2008, NYSE Euronext (NYX) took over the American Stock...
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J.P. Morgan Slashes Estimates For Kindred Healthcare (KND)
Monday, June 21, 2010 - 9:37am | 115J.P. Morgan has updated its model to conform its Q1, 2010 earnings results for Kindred Healthcare Inc. (NYSE: KND). The research firm has moved Q1, 2010 results to $0.44 from the prior GAAP result of $0.38. The 2010 estimates now stand at $1.34. 2011 EPS estimate for Kindred Healthcare (KND) has...
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Company News for June 18, 2010 - Corporate Summary
Friday, June 18, 2010 - 9:57am | 170• Goldman Sachs (NYSE:GS) added shares of Williams Companies (NYSE:WMB) to its Conviction Buy list with a price target of $28. The shares had been rated as a "buy" • FBR reiterated its "market perform" opinion of Intel (NASDAQ:INTC), with a price target of $30 • RBC upgraded Tesoro (NYSE:TSO) from...
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Stocks To Watch For June 18 (SUN, THC, BP, SKS)
Friday, June 18, 2010 - 6:46am | 342Some of the stocks that may grab investor focus today are: Standard & Poor's Ratings Services is likely to downgrade the rating of Sunoco (NYSE: SUN), as the company is planning to separate its SunCoke Energy unit from its business. Patrick Jeffrey, an S&P credit analyst, mentions, "We...
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Deutsche Bank On THC, ODSY
Wednesday, June 9, 2010 - 8:20am | 186Deutsche Bank analyst Darren Lehrich had these takeways from recent meetings with three health care providers in Dallas - Tenet Healthcare Corp. (NYSE: THC), Odyssey HealthCare, Inc (NASDAQ: ODSY), and United Surgical Partners International, Inc (private). Tenet Healthcare's recent stumble with...
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Healthcare Sector Investment Summary
Monday, June 7, 2010 - 12:37pm | 153Analysts at Jefferies are suggesting ‘Buys’ in healthcare service equities such as Express Scripts (NASDAQ: ESRX), Medco Health Solutions (NYSE: MHS), Amedisys (NASDAQ: AMED), Skilled Healthcare Group (NYSE: SKH) and Mednax (NYSE: MD) in face of high market volatility. Companies with significant...
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Puts Bought on Universal Health (UHS)
Monday, June 7, 2010 - 12:25pm | 103Shares of Universal Health Services Inc. (NYSE: UHS) are higher on the session by 0.65%, currently trading $41.84. The stock has been trading amazingly well over the past six months and is nearing new highs. Protection is being bought on the name today, though. The June $40 put was purchased 1,000...
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Merger Arbitrage Mondays – June 07, 2010
Monday, June 7, 2010 - 5:32am | 4760The activity on the Merger and Acquisition front increased once again last week with seven new deals announced and four deals closing. We are also happy to report the beta launch of a new tool that will let you see the spreads on deals in almost real time. This tool automatically calculates the...
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Benzinga's After Hours Gainers (AMGN, THC, AGU)
Tuesday, June 1, 2010 - 6:17pm | 172Tuesday was another extremely negative session for bullish investors, as the Dow Jones Industrial Average plummeted 112 points to close at 10,024, with most of the losses coming in the last hour of trading. Among the after hours gainers today are Amgen (NASDAQ: AMGN), Tenet Healthcare (NYSE: THC...
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SUNH Upgraded To Outperform At Wells Fargo
Wednesday, May 26, 2010 - 7:02am | 45Analysts at Wells Fargo Securities upgrade Sun Healthcare Group Inc (NASDAQ: SUNH) from "market perform" to "outperform." SUNH’s shares gained 1.84% to close at $8.31 yesterday. More Analyst Ratings here