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J.P. Morgan Recaps AmerisourceBergen Conference Call
Thursday, June 16, 2011 - 7:22am | 119J.P. Morgan is recapping AmerisourceBergen Corporation's (NYSE: ABC) recent conference call. “We've discussed with each of the drug wholesalers UnitedHealth's (NYSE: UNH) pilot program designed to change the incentive structure for oncologists from a ‘buy-and-bill' model of drug administration to...
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Oppenheimer Maintains Outperform on Centene
Wednesday, June 15, 2011 - 7:44am | 87Oppenheimer is out with its report today on Centene (NYSE: CNC), maintaining Outperform. In a note to clients, Oppenheimer writes, "CNC's business remains on track, as the RFP pipeline remains robust and utilization continues to trend modestly. Although rate increases are likely to remain low, the...
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Deutsche Bank Maintains Hold on Centene
Wednesday, June 15, 2011 - 6:42am | 131Deutsche Bank is out with its report today on Centene (NYSE: CNC), maintaining Hold. In a note to clients, Deutsche Bank writes, "CNC held an investor day in NY to provide an update on the Medicaid market outlook and business operations. CNC now sizes the 2011-2013 business pipeline for Medicaid...
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Former CEO of Aetna Appointed to Johnson & Johnson Board
Tuesday, June 14, 2011 - 8:03am | 61Ronald A. Williams, former chairman and chief executive officer of Aetna Inc. (NYSE: AET), has been appointed to the Board of Directors of Johnson & Johnson (NYSE: JNJ). Mr. Williams will serve on the Compensation & Benefits Committee and the Public Policy Advisory Committee of the Board.
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Bank Of America Reports On Sanction Removed From AET
Tuesday, June 14, 2011 - 7:37am | 147Bank of America is maintaining its Neutral rating and its $48 price target on Aetna (NYSE: AET) following news that CMS has removed the Medicare sanction from the company. In the report, Bank of America writes, “After the close, AET announced that CMS has lifted its Medicare marketing and...
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Jefferies Maintains Hold on Aetna
Tuesday, June 14, 2011 - 6:42am | 96Jefferies is out with its report today on Aetna (NYSE: AET), maintaining Hold. In a note to clients, Jefferies writes, "AET made two announcements yesterday: 1) CMS lifted marketing and enrollment sanctions on MA and PDP; and 2) AET acquired Genworth's Medicare Supplement business. Both releases...
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Options Brief: HealthSpring, Inc.
Monday, June 13, 2011 - 11:20am | 92Shares of HealthSpring, Inc. (NYSE: HS) are lower on the session by 0.39%, trading at $41.01. Overall put volume is now running at 9.36x the daily average, with 10% of all puts traded being purchases on the offer. 1,067 contracts have traded on the session so far. HealthSpring, Inc. is a managed...
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Aetna to Acquire Medicare Supplement Business of Genworth Financial for $290M
Monday, June 13, 2011 - 7:31am | 106Aetna (NYSE: AET) today announced that it has entered into an agreement with Genworth Financial, Inc. to acquire Genworth's Medicare Supplement business and related blocks of in-force business. Genworth is a leading provider of Medicare Supplement coverage. The business has more than 145,000...
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Calls Purchased on WellCare Health Plans
Thursday, June 9, 2011 - 11:25am | 151Shares of WellCare Health Plans (NYSE: WCG) are higher on the session by 2.69%, currently trading at $49.64. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today....
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Citi Maintains Buy on WellPoint
Thursday, June 9, 2011 - 7:45am | 109Citi is out with its report today on WellPoint (NYSE: WLP), maintaining Buy. In a note to clients, Citi writes, "We rate the shares WellPoint Buy / Low Risk. WellPoint guidance assumes that medical cost trends returned to normal on April 1, while the inpatient admissions survey data from our...
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Credit Suisse's Estimates and Price Target Changes 6/9
Thursday, June 9, 2011 - 5:56am | 345Credit Suisse made a number of estimates and price target revisions in a research report published today. UnitedHealth Group (NYSE: UNH) had its price target raised to $69 from $62. In the report, Credit Suisse states, " [the company's] growth target seems more achievable now than it did last...
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Credit Suisse Raises PT On UnitedHealth To $69
Thursday, June 9, 2011 - 4:59am | 27Credit Suisse has raised the price target on UnitedHealth Group (NYSE: UNH) from $62 to $69 and maintains its Outperform rating.
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WellPoint to Acquire CareMore Health Group
Wednesday, June 8, 2011 - 8:27am | 230WellPoint, Inc. (NYSE: WLP), the nation's largest health benefits provider in terms of medical membership, announced today that it has entered into an agreement to acquire CareMore, a senior focused health care delivery program that includes Medicare Advantage plans and clinics designed to deliver...
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Stifel Nicolaus Raises PT On CROX, HANS, HUM
Wednesday, June 8, 2011 - 7:06am | 55StifeL Nicolaus has raised the price targets on the following companies: Crocs (NASDAQ: CROX) from $26 to $28, Buy Hansen Natural Corporation (NASDAQ: HANS) from $71 to $78, Buy Humana (NYSE: HUM) from $79 to $90, Buy
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UPDATE: Wedbush Lowers PT on Molina Healthcare to $30
Tuesday, June 7, 2011 - 8:23am | 99Wedbush is out with its report today on Molina Healthcare (NYSE: MOH), lowering its PT from $45 to $30. In a note to clients, Wedbush writes, "Overall, we believe Molina is favorably positioned going into some of the upcoming RFPs as it is a new or recent entrant in a number of cases; this...